Rep. Josh Gottheimer Sells Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Key Points

• Rep. Josh Gottheimer disclosed selling $1,001–$15,000 of PT Telekomunikasi Indonesia (TLK) shares on October 15 from a Morgan Stanley account.
• Telkom Indonesia reported quarterly EPS of $0.22, below the $0.33 consensus, while revenue of $2.11 billion slightly exceeded expectations.
• Analyst views were cautious: MarketBeat reported a consensus rating of “Reduce,” with one Hold and one Sell rating. TLK shares were up 1.6% in Friday trading.

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of PT Telekomunikasi Indonesia, Tbk NYSE: TLK. In a filing disclosed on November 5th, the Representative disclosed that they had sold between $1,001 and $15,000 in PT Telekomunikasi Indonesia, Tbk stock on October 15th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 10/26/2026.
• Purchased $1,001 - $15,000 in shares of Benchmark Electronics NYSE: BHE on 10/12/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 9/25/2026.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 9/15/2026.

PT Telekomunikasi Indonesia, Tbk Stock Up 1.6%

Shares of TLK stock opened at $11.12 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 0.71 and a beta of 0.41. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $10.15 and a 12-month high of $23.51. The firm has a fifty day moving average of $13.00 and a 200-day moving average of $16.16.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Get Free Report) last announced its earnings results on Friday, October 30th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.11). PT Telekomunikasi Indonesia, Tbk had a net margin of 10.88% and a return on equity of 10.91%. The business had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.10 billion. As a group, equities research analysts predict that PT Telekomunikasi Indonesia, Tbk will post 1.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PT Telekomunikasi Indonesia, Tbk

Several large investors have recently made changes to their positions in the business. Raiffeisen Bank International AG bought a new position in shares of PT Telekomunikasi Indonesia, Tbk during the second quarter valued at approximately $4,784,000. Engineers Gate Manager LP boosted its position in PT Telekomunikasi Indonesia, Tbk by 288.1% in the 2nd quarter. Engineers Gate Manager LP now owns 118,281 shares of the utilities provider's stock valued at $1,589,000 after buying an additional 87,803 shares during the last quarter. Himension Capital Singapore PTE. LTD. boosted its position in PT Telekomunikasi Indonesia, Tbk by 262.3% during the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 119,283 shares of the utilities provider's stock worth $2,228,000 after acquiring an additional 86,363 shares during the period. Lazard Asset Management LLC grew its stake in PT Telekomunikasi Indonesia, Tbk by 23.4% in the first quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider's stock valued at $469,426,000 after purchasing an additional 4,770,126 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in PT Telekomunikasi Indonesia, Tbk by 1,021.8% during the first quarter. Sei Investments Co. now owns 289,999 shares of the utilities provider's stock valued at $5,417,000 after purchasing an additional 264,148 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TLK shares. Weiss Ratings reiterated a "sell (d)" rating on shares of PT Telekomunikasi Indonesia, Tbk in a report on Thursday, October 29th. Wall Street Zen cut shares of PT Telekomunikasi Indonesia, Tbk from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. Finally, Zacks Research upgraded shares of PT Telekomunikasi Indonesia, Tbk from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce".

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia's state-controlled telecommunications and digital services company. Through its subsidiaries and business units, the company provides fixed-line voice services, broadband internet, mobile communications, network connectivity, and information and communications technology solutions.

Telkom's consumer offerings include fixed broadband and digital services marketed under the IndiHome brand, while its mobile business is conducted primarily through Telkomsel, one of Indonesia's major wireless operators.

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