Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Sold by First Affirmative Financial Network

First Affirmative Financial Network reduced its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,453 shares of the communications equipment provider’s stock after selling 1,729 shares during the quarter. First Affirmative Financial Network’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $35,000. GeoWealth Management LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $36,000. Smartleaf Asset Management LLC grew its position in Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 2,840 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $77,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $81,000. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 0.2%

ERIC stock opened at $8.53 on Friday. The company’s 50 day simple moving average is $8.13 and its 200-day simple moving average is $8.12. The firm has a market capitalization of $28.43 billion, a PE ratio of -853,000.00, a P/E/G ratio of 3.89 and a beta of 0.94. Telefonaktiebolaget LM Ericsson has a 12 month low of $5.76 and a 12 month high of $9.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96.

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Kepler Capital Markets upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 16th. Wall Street Zen upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a “neutral” rating in a research report on Friday, April 11th.

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.