Jane Street Group LLC Acquires Shares of 90,580 SK Telecom Co., Ltd. (SKM)

Jane Street Group LLC purchased a new stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 90,580 shares of the Wireless communications provider’s stock, valued at approximately $2,227,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of SK Telecom by 87.4% during the second quarter. Goldman Sachs Group Inc. now owns 332,588 shares of the Wireless communications provider’s stock valued at $8,538,000 after purchasing an additional 155,076 shares in the last quarter. FMR LLC lifted its position in shares of SK Telecom by 3.7% during the second quarter. FMR LLC now owns 1,764,724 shares of the Wireless communications provider’s stock valued at $45,300,000 after purchasing an additional 63,700 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in SK Telecom by 8.3% during the second quarter. JPMorgan Chase & Co. now owns 3,524,444 shares of the Wireless communications provider’s stock worth $90,471,000 after buying an additional 271,434 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in SK Telecom by 18.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 171,903 shares of the Wireless communications provider’s stock worth $4,413,000 after buying an additional 26,728 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in SK Telecom during the second quarter worth about $323,000. 11.41% of the stock is currently owned by institutional investors.

SKM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of SK Telecom from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Wednesday, November 8th. Citigroup upgraded shares of SK Telecom from a “neutral” rating to a “buy” rating in a report on Friday, December 1st. Finally, BidaskClub downgraded shares of SK Telecom from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. SK Telecom has an average rating of “Buy” and an average price target of $29.00.

SK Telecom Co., Ltd. (NYSE:SKM) traded down $0.58 during midday trading on Friday, reaching $27.41. 396,620 shares of the company were exchanged, compared to its average volume of 470,250. SK Telecom Co., Ltd. has a 1-year low of $20.44 and a 1-year high of $28.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.91. The stock has a market capitalization of $17,420.29, a P/E ratio of 9.79, a PEG ratio of 1.12 and a beta of 0.42.

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SK Telecom Company Profile

SK Telecom Co, Ltd. provides wireless telecommunications in Korea. The Company is engaged in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media.

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

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