Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) is at least 40.08% than its current record low price of $7.16. There was a 3.19% gain on 5/24/2019 that led the price to move at $10.03. At a recent session, the prices were hovering between $9.925 and $10.07. This company shares are 2.59% off its target price of $10.29 and the current market capitalization stands at $33.1B. The recent change has given its price a 4.39% lead over SMA 50 and -4.11% deficit over its 52-week high. The stock witnessed 1.21% gains, 9.26% gains and 23.52% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ERIC’s volatility during a week at 1.6% and during a month it has been found around 1.56%.

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Top Holders

Institutional investors currently hold around $2.6 billion or 8.9% in ERIC stock. Look at its top three institutional owners: Primecap Management Co/Ca/ owns $1.33 billion in Telefonaktiebolaget LM Ericsson (publ), which represents roughly 4.02% of the company’s market cap and approximately 51.16% of the institutional ownership. Similar statistics are true for the second largest owner, Hotchkis & Wiley Capital Management Llc, which owns 25,678,601 shares of the stock are valued at $257.56 million. The third largest holder is Renaissance Technologies Llc, which currently holds $211.67 million worth of this stock and that ownership represents nearly 0.64% of its market capitalization.

Telefonaktiebolaget LM Ericsson (publ) 13F Filings

At the end of March reporting period, 127 institutional holders increased their position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by some 23,619,647 shares, 108 decreased positions by 21,706,174 and 44 held positions by 214,319,568. That puts total institutional holdings at 259,645,389 shares, according to SEC filings. The stock grabbed 55 new institutional investments totaling 4,987,113 shares while 43 institutional investors sold out their entire positions totaling 10,138,876 shares.

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Analyst Guide

Several analysts have released their opinion on Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC), with 2 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 4 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].