Sequoia Financial Advisors LLC cut its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Rating) by 28.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,420 shares of the utilities provider's stock after selling 3,292 shares during the period. Sequoia Financial Advisors LLC's holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $243,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.8% during the first quarter. HighTower Advisors LLC now owns 9,738 shares of the utilities provider's stock valued at $312,000 after purchasing an additional 354 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 120.2% during the first quarter. BNP Paribas Arbitrage SA now owns 784 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 428 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.8% during the third quarter. YorkBridge Wealth Partners LLC now owns 12,739 shares of the utilities provider's stock valued at $368,000 after purchasing an additional 469 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.0% during the first quarter. First Republic Investment Management Inc. now owns 58,613 shares of the utilities provider's stock valued at $1,873,000 after purchasing an additional 552 shares in the last quarter. Finally, Checchi Capital Advisers LLC lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.7% during the second quarter. Checchi Capital Advisers LLC now owns 8,499 shares of the utilities provider's stock valued at $242,000 after purchasing an additional 607 shares in the last quarter. 4.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a "buy" rating to a "hold" rating in a report on Thursday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Rating) last issued its earnings results on Friday, October 28th. The utilities provider reported $0.23 EPS for the quarter. The business had revenue of $2.58 billion during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.39% and a return on equity of 15.36%. On average, equities analysts predict that Perusahaan Perseroan will post 1.6 earnings per share for the current fiscal year.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Profile

(Get Rating)

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, informatics, and network services worldwide. The company's Mobile segment offers mobile voice, SMS, and mobile broadband services; and digital services, including financial services, video on demand, music, gaming, IoT, big data analytics, and digital advertising services.

Read More

• Get a free copy of the StockNews.com research report on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK)
• MarketBeat: Week in Review 01/02-01/06
• Why is the CrowdStrike Stock Price Struggling?
• Four Undervalued Healthcare Stocks for 2023
• WWE Stock: Vince McMahon Wants Back In The Show
• NVIDIA Is Bottoming But Don't Buy It Just Yet

Receive News & Ratings for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk and related companies with MarketBeat.com's FREE daily email newsletter.