Aaron Wealth Advisors LLC Buys 2,172 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Aaron Wealth Advisors LLC grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,345 shares of the communications equipment provider’s stock after purchasing an additional 2,172 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of Montreal Can increased its position in Telefonaktiebolaget LM Ericsson (publ) by 50,747.2% in the 2nd quarter. Bank of Montreal Can now owns 13,557,885 shares of the communications equipment provider’s stock valued at $83,788,000 after buying an additional 13,531,221 shares in the last quarter. DigitalBridge Group Inc. increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 18.6% during the second quarter. DigitalBridge Group Inc. now owns 5,018,017 shares of the communications equipment provider’s stock worth $30,961,000 after buying an additional 785,261 shares during the last quarter. FMR LLC raised its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% in the 3rd quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock worth $18,287,000 after purchasing an additional 463,415 shares during the period. Two Sigma Advisers LP grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% during the 3rd quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock worth $15,402,000 after acquiring an additional 2,020,200 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 39.3% in the second quarter. Marshall Wace LLP now owns 1,898,019 shares of the communications equipment provider’s stock valued at $11,711,000 after purchasing an additional 535,933 shares during the period. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 2.1 %

NASDAQ ERIC opened at $8.72 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. The stock has a market cap of $29.06 billion, a P/E ratio of -290.67 and a beta of 0.79. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.74. The stock’s fifty day moving average price is $8.19 and its 200-day moving average price is $7.67.

Analyst Ratings Changes

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

Telefonaktiebolaget LM Ericsson (publ) Company Profile

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.