Vident Advisory LLC Buys Shares of 15,581 PT Telekomunikasi Indonesia, Tbk $TLK

Key Points

• Vident Advisory LLC acquired 15,581 shares of PT Telekomunikasi Indonesia, Tbk, amounting to $230,000, as reported in its latest SEC filing.
• Other institutional investors, including Farther Finance Advisors and Assetmark Inc., significantly increased their stakes in PT Telekomunikasi Indonesia during the first quarter, with some growing by over 1,000%.
• PT Telekomunikasi Indonesia's stock has recently been downgraded from a "strong-buy" to a "hold" rating, indicating a shift in market sentiment around the stock.

Vident Advisory LLC bought a new position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,581 shares of the utilities provider's stock, valued at approximately $230,000.

Several other large investors have also made changes to their positions in TLK. Invesco Ltd. acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk during the 1st quarter worth approximately $33,124,000. Citadel Advisors LLC acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth approximately $16,533,000. Northern Trust Corp raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 106.2% during the 1st quarter. Northern Trust Corp now owns 855,287 shares of the utilities provider's stock worth $12,633,000 after buying an additional 440,426 shares during the period. Ramirez Asset Management Inc. acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk during the 1st quarter worth approximately $3,861,000. Finally, B. Metzler seel. Sohn & Co. AG purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk in the first quarter valued at approximately $2,695,000.

Analyst Upgrades and Downgrades

Separately, New Street Research downgraded PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, PT Telekomunikasi Indonesia, Tbk currently has an average rating of "Hold".

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of TLK stock traded up $0.16 during trading hours on Friday, reaching $19.21. The company had a trading volume of 761,923 shares, compared to its average volume of 581,555. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71. The stock has a fifty day moving average of $18.34 and a 200-day moving average of $16.61. The company has a market capitalization of $19.02 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 4.19 and a beta of 0.66. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $13.15 and a 12-month high of $21.00.

PT Telekomunikasi Indonesia, Tbk Company 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.