Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Position Trimmed by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC trimmed its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 22.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,340 shares of the communications equipment provider’s stock after selling 3,024 shares during the period. International Private Wealth Advisors LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $80,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

ERIC has been the topic of several analyst reports. Wall Street Zen raised Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 17th. 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 report on Friday, April 11th. Finally, 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.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 0.2%

Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $8.53 on Monday. 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 has a 1-year low of $5.76 and a 1-year high of $9.00. The business’s fifty day moving average price is $8.13 and its two-hundred day moving average price is $8.12. The company has a market capitalization of $28.43 billion, a P/E ratio of -853,000.00, a PEG ratio of 3.89 and a beta of 0.94.

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

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.