Vise Technologies Inc. Makes New $485,000 Investment in SK Telecom Co., Ltd. (NYSE:SKM)

Vise Technologies Inc. bought a new stake in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,062 shares of the Wireless communications provider's stock, valued at approximately $485,000.

Several other large investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in SK Telecom by 2,337.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,748 shares of the Wireless communications provider's stock worth $422,000 after acquiring an additional 17,020 shares during the last quarter. Blue Trust Inc. increased its holdings in SK Telecom by 51.2% in the 4th quarter. Blue Trust Inc. now owns 65,823 shares of the Wireless communications provider's stock worth $1,385,000 after acquiring an additional 22,281 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in SK Telecom in the 4th quarter worth about $658,000. Matthews International Capital Management LLC increased its holdings in SK Telecom by 102.5% in the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider's stock worth $54,000 after acquiring an additional 1,291 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in SK Telecom by 24.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider's stock worth $61,827,000 after acquiring an additional 583,519 shares during the last quarter.

SK Telecom Price Performance

Shares of SKM traded up $0.11 during trading hours on Thursday, reaching $20.81. 339,852 shares of the company's stock traded hands, compared to its average volume of 289,309. The stock has a market cap of $8.20 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.27 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. The firm's 50 day simple moving average is $21.32 and its 200-day simple moving average is $21.70. SK Telecom Co., Ltd. has a 12 month low of $19.84 and a 12 month high of $24.58.

SK Telecom (NYSE:SKM - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The Wireless communications provider reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.04. The business had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.12 billion. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. Equities analysts expect that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SKM. New Street Research raised SK Telecom to a "hold" rating in a report on Monday, May 19th. Citigroup downgraded SK Telecom from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group downgraded SK Telecom from a "buy" rating to a "neutral" rating in a research note on Monday, March 3rd. Wall Street Zen downgraded SK Telecom from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, UBS Group started coverage on SK Telecom in a research report on Wednesday, February 19th. They set a "buy" rating for the company. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold".

SK Telecom Company Profile

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.