Empower Advisory Group LLC Sells 1,563 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Empower Advisory Group LLC trimmed its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 7.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 18,337 shares of the communications equipment provider’s stock after selling 1,563 shares during the quarter. Empower Advisory Group LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $148,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Valeo Financial Advisors LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $81,000. Assetmark Inc. grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% during the 3rd quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 11,708 shares during the period. Alliance Wealth Advisors LLC UT bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $94,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter valued at approximately $100,000. Finally, Fulton Bank N.A. bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $102,000. 7.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 1.8 %

NASDAQ ERIC opened at $8.01 on Friday. The stock has a market cap of $26.69 billion, a PE ratio of -801,000.00, a P/E/G ratio of 3.84 and a beta of 0.77. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.90. The stock’s 50 day moving average is $8.04 and its 200 day moving average is $7.85. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. Research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

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.