Free Trial

SK Telecom Co., Ltd. $SKM Shares Bought by Sequoia Financial Advisors LLC

SK Telecom logo with Computer and Technology background

Key Points

  • Sequoia Financial Advisors LLC increased its stake in SK Telecom Co., Ltd. by 181.0%, owning a total of 55,418 shares worth approximately $1.29 million as of its latest filing.
  • SK Telecom reported earnings of $0.16 per share, missing the consensus estimate of $0.36, and generated revenue of $3.12 billion for the quarter.
  • SK Telecom has received mixed analyst ratings, with one "Buy", four "Hold", and one "Sell", reflecting a consensus rating of "Hold".
  • MarketBeat previews the top five stocks to own by November 1st.

Sequoia Financial Advisors LLC increased its stake in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 181.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,418 shares of the Wireless communications provider's stock after purchasing an additional 35,693 shares during the period. Sequoia Financial Advisors LLC's holdings in SK Telecom were worth $1,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SKM. Skandinaviska Enskilda Banken AB publ acquired a new stake in SK Telecom in the 1st quarter worth approximately $37,000. Farther Finance Advisors LLC boosted its stake in SK Telecom by 1,780.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider's stock worth $39,000 after purchasing an additional 1,585 shares in the last quarter. SVB Wealth LLC acquired a new stake in SK Telecom in the 1st quarter worth approximately $42,000. Brooklyn Investment Group boosted its stake in SK Telecom by 854.4% in the 1st quarter. Brooklyn Investment Group now owns 2,300 shares of the Wireless communications provider's stock worth $49,000 after purchasing an additional 2,059 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in SK Telecom during the 1st quarter valued at approximately $85,000.

SK Telecom Stock Performance

SKM opened at $21.62 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.01. The firm has a fifty day moving average price of $21.83 and a 200 day moving average price of $21.82. SK Telecom Co., Ltd. has a 1 year low of $19.84 and a 1 year high of $24.34. The stock has a market cap of $8.52 billion, a P/E ratio of 11.09, a P/E/G ratio of 10.81 and a beta of 0.58.

SK Telecom (NYSE:SKM - Get Free Report) last posted its earnings results on Wednesday, August 6th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.20). SK Telecom had a net margin of 5.92% and a return on equity of 8.92%. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.14 billion. Equities research analysts anticipate that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Wall Street Analyst Weigh In

SKM has been the subject of several research reports. The Goldman Sachs Group cut shares of SK Telecom from a "neutral" rating to a "sell" rating in a research note on Monday, July 7th. Weiss Ratings restated a "hold (c+)" rating on shares of SK Telecom in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SK Telecom presently has a consensus rating of "Hold".

Check Out Our Latest Analysis on SKM

About SK Telecom

(Free Report)

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.

Featured Articles

Institutional Ownership by Quarter for SK Telecom (NYSE:SKM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in SK Telecom Right Now?

Before you consider SK Telecom, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SK Telecom wasn't on the list.

While SK Telecom currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.