Today, Wells Fargo & Company MN invests in Ericsson (ERIC) Shares

Today, Wells Fargo & Company MN invests in Ericsson (ERIC) Shares
Wells Fargo & Company MN raised its position in Ericsson (NASDAQ:ERIC) by 78.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,424,282 shares of the company’s stock after buying an additional 1,063,219 shares during the period. Wells Fargo & Company MN’s holdings in Ericsson were worth $17,480,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Ericsson by 19.7% in the first quarter. JPMorgan Chase & Co. now owns 110,628 shares of the company’s stock worth $1,109,000 after buying an additional 18,219 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Ericsson by 123.3% in the first quarter. Renaissance Technologies LLC now owns 1,494,100 shares of the company’s stock worth $14,986,000 after buying an additional 825,131 shares in the last quarter. First Republic Investment Management Inc. raised its stake in shares of Ericsson by 71.3% in the first quarter. First Republic Investment Management Inc. now owns 499,360 shares of the company’s stock worth $5,009,000 after buying an additional 207,770 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Ericsson during the second quarter worth approximately $190,000. Finally, Regentatlantic Capital LLC raised its stake in shares of Ericsson by 21.4% in the second quarter. Regentatlantic Capital LLC now owns 19,449 shares of the company’s stock worth $149,000 after buying an additional 3,434 shares in the last quarter. Institutional investors and hedge funds own 7.47% of the company’s stock.

Shares of Ericsson (NASDAQ:ERIC) traded up 0.19% on Friday, hitting $5.18. The stock had a trading volume of 1,113,225 shares. The firm’s 50-day moving average is $5.29 and its 200-day moving average is $6.86. Ericsson has a one year low of $4.83 and a one year high of $10.20.

A number of equities research analysts recently commented on ERIC shares. Natixis lowered Ericsson from a “buy” rating to a “neutral” rating in a research report on Thursday, October 13th. Credit Suisse Group AG upgraded Ericsson from an “underperform” rating to a “neutral” rating in a research report on Monday, September 26th. DNB Markets lowered Ericsson from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Cowen and Company reiterated a “market perform” rating and issued a $6.00 target price on shares of Ericsson in a research report on Saturday, October 15th. Finally, BNP Paribas reiterated a “hold” rating on shares of Ericsson in a research report on Wednesday, September 28th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a strong buy rating to the stock. Ericsson presently has an average rating of “Hold” and an average price target of $8.21.

Ericsson Company Profile

Related posts

Leave a Comment