Aprio Wealth Management LLC increased its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Free Report) by 17.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,547 shares of the communications equipment provider’s stock after purchasing an additional 2,609 shares during the quarter. Aprio Wealth Management LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $97,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. raised its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 2.6% during the fourth quarter. QRG Capital Management Inc. now owns 107,824 shares of the communications equipment provider’s stock valued at $679,000 after acquiring an additional 2,753 shares during the period. First Affirmative Financial Network grew its position in Telefonaktiebolaget LM Ericsson (publ) by 22.0% in the fourth quarter. First Affirmative Financial Network now owns 24,086 shares of the communications equipment provider’s stock worth $152,000 after acquiring an additional 4,351 shares in the last quarter. Planned Solutions Inc. bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $38,000. NBC Securities Inc. grew its position in Telefonaktiebolaget LM Ericsson (publ) by 258.1% in the first quarter. NBC Securities Inc. now owns 10,744 shares of the communications equipment provider’s stock worth $59,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Lake Street Advisors Group LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $64,000. 7.99% of the stock is currently owned by institutional investors.
Telefonaktiebolaget LM Ericsson (publ) Price Performance
NASDAQ:ERIC opened at $5.96 on Friday. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.33 and a 1 year high of $6.36. The firm’s fifty day simple moving average is $5.63 and its 200 day simple moving average is $5.65. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30.
Analyst Upgrades and Downgrades
Several research firms have commented on ERIC. StockNews.com raised shares of Telefonaktiebolaget LM Ericsson (publ) from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. decreased their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.81 to $5.58 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Telefonaktiebolaget LM Ericsson (publ) currently has an average rating of “Hold” and an average target price of $5.58.
Get Our Latest Research Report on Telefonaktiebolaget LM Ericsson (publ)
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.
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