Fmr LLC Has $37.146 Million Stake in SK Telecom Co Ltd (SKM)

FMR LLC boosted its stake in shares of SK Telecom Co Ltd (NYSE:SKM) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,777,324 shares of the Wireless communications provider’s stock after buying an additional 34,200 shares during the period. FMR LLC owned about 0.28% of SK Telecom Co worth $37,146,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in SKM. Kanaly Trust Co boosted its stake in shares of SK Telecom Co by 0.5% in the third quarter. Kanaly Trust Co now owns 4,674 shares of the Wireless communications provider’s stock worth $106,000 after buying an additional 25 shares during the last quarter. Atria Investments LLC bought a new stake in shares of SK Telecom Co during the third quarter worth about $215,000. US Bancorp DE boosted its stake in shares of SK Telecom Co by 12.7% in the third quarter. US Bancorp DE now owns 9,659 shares of the Wireless communications provider’s stock worth $218,000 after buying an additional 1,092 shares during the last quarter. Geneva Advisors LLC boosted its stake in shares of SK Telecom Co by 0.3% in the third quarter. Geneva Advisors LLC now owns 13,111 shares of the Wireless communications provider’s stock worth $296,000 after buying an additional 45 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its stake in shares of SK Telecom Co by 14.2% in the fourth quarter. Wetherby Asset Management Inc. now owns 25,903 shares of the Wireless communications provider’s stock worth $542,000 after buying an additional 3,223 shares during the last quarter. 11.35% of the stock is owned by institutional investors and hedge funds.

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

Shares of SK Telecom Co Ltd (NYSE:SKM) traded up 0.29% on Friday, hitting $24.33. The stock had a trading volume of 518,893 shares. The stock’s 50-day moving average price is $24.46 and its 200 day moving average price is $22.36. SK Telecom Co Ltd has a 52 week low of $18.93 and a 52 week high of $26.07. The company has a market cap of $15.48 billion, a PE ratio of 10.56 and a beta of 0.60.

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Separately, Zacks Investment Research raised SK Telecom Co from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research report on Thursday.

About SK Telecom Co

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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