MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 131,383 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,261,037 shares of the communications equipment provider’s stock after acquiring an additional 131,383 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $10,164,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Graham Capital Management L.P. increased its position in Telefonaktiebolaget LM Ericsson (publ) by 633.3% during the fourth quarter. Graham Capital Management L.P. now owns 171,916 shares of the communications equipment provider’s stock worth $1,386,000 after acquiring an additional 148,473 shares during the period. Ethic Inc. grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 64.3% during the fourth quarter. Ethic Inc. now owns 273,414 shares of the communications equipment provider’s stock worth $2,204,000 after buying an additional 106,980 shares in the last quarter. DigitalBridge Group Inc. grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 28.8% during the fourth quarter. DigitalBridge Group Inc. now owns 6,382,140 shares of the communications equipment provider’s stock worth $51,440,000 after buying an additional 1,427,386 shares in the last quarter. Cetera Investment Advisers grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 157.8% during the fourth quarter. Cetera Investment Advisers now owns 93,134 shares of the communications equipment provider’s stock worth $751,000 after buying an additional 57,003 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $273,000. 7.99% of the stock is owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 0.1%

ERIC opened at $8.47 on Friday. The company’s 50 day moving average is $7.97 and its 200-day moving average is $8.08. Telefonaktiebolaget LM Ericsson has a 1-year low of $5.64 and a 1-year high of $8.90. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The company has a market cap of $28.23 billion, a P/E ratio of -847,000.00, a PEG ratio of 3.89 and a beta of 0.96.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its quarterly earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $55.83 billion. Equities research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ERIC shares. JPMorgan Chase & Co. increased their price objective on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a “neutral” rating in a research note on Friday, April 11th. Kepler Capital Markets upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 16th. Finally, StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 17th.

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.