14,728 Shares in PT Telekomunikasi Indonesia, Tbk $TLK Acquired by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC has acquired a new position in PT Telekomunikasi Indonesia, Tbk, purchasing 14,728 shares valued at approximately $249,000.
• Several other hedge funds have also increased their stakes in TLK, with Blue Trust Inc. boosting its position by 630.5% in the first quarter.
• Analysts have given PT Telekomunikasi Indonesia a consensus rating of "Reduce," with Weiss Ratings reiterating a "sell (d+)" rating on the stock.

Sequoia Financial Advisors LLC bought a new position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,728 shares of the utilities provider's stock, valued at approximately $249,000.

A number of other hedge funds also recently bought and sold shares of TLK. Blue Trust Inc. lifted its position in PT Telekomunikasi Indonesia, Tbk by 630.5% in the 1st quarter. Blue Trust Inc. now owns 7,772 shares of the utilities provider's stock worth $115,000 after buying an additional 6,708 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in PT Telekomunikasi Indonesia, Tbk by 9.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 98,697 shares of the utilities provider's stock worth $1,458,000 after buying an additional 8,334 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in PT Telekomunikasi Indonesia, Tbk by 237.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 164,386 shares of the utilities provider's stock valued at $2,428,000 after purchasing an additional 115,737 shares during the last quarter. DAVENPORT & Co LLC lifted its position in PT Telekomunikasi Indonesia, Tbk by 21.8% in the first quarter. DAVENPORT & Co LLC now owns 51,997 shares of the utilities provider's stock valued at $768,000 after purchasing an additional 9,294 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in PT Telekomunikasi Indonesia, Tbk by 19.4% in the first quarter. Envestnet Asset Management Inc. now owns 884,939 shares of the utilities provider's stock valued at $13,071,000 after purchasing an additional 143,928 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, PT Telekomunikasi Indonesia, Tbk currently has a consensus rating of "Reduce".

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of PT Telekomunikasi Indonesia, Tbk stock opened at $19.23 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17. The company has a market cap of $19.05 billion, a PE ratio of 13.45, a P/E/G ratio of 4.30 and a beta of 0.61. The business has a 50 day moving average of $19.16 and a 200 day moving average of $17.42. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $13.15 and a 52 week high of $20.98.

PT Telekomunikasi Indonesia, Tbk Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.

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