Diversify Advisory Services LLC Purchases Shares of 20,367 Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Diversify Advisory Services LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,367 shares of the communications equipment provider’s stock, valued at approximately $166,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hexagon Capital Partners LLC increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 225.5% in the third quarter. Hexagon Capital Partners LLC now owns 5,664 shares of the communications equipment provider’s stock valued at $43,000 after purchasing an additional 3,924 shares during the last quarter. Vest Financial LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter valued at $77,000. GAMMA Investing LLC raised its stake in Telefonaktiebolaget LM Ericsson (publ) by 92.8% during the 3rd quarter. GAMMA Investing LLC now owns 10,534 shares of the communications equipment provider’s stock worth $80,000 after acquiring an additional 5,070 shares in the last quarter. Assetmark Inc. boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% in the third quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider’s stock valued at $94,000 after acquiring an additional 11,708 shares in the last quarter. Finally, Fulton Bank N.A. acquired a new position in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at $102,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 16th.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

NASDAQ ERIC opened at $8.90 on Friday. The firm has a market cap of $29.66 billion, a P/E ratio of -296.67 and a beta of 0.79. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.90. The business’s 50-day moving average price is $8.22 and its 200 day moving average price is $7.69. The company has a quick ratio of 0.95, a current ratio of 1.19 and a debt-to-equity ratio of 0.39.

About Telefonaktiebolaget LM Ericsson (publ)

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.