GOTO - Shares accumulation by foreign funds

GOTO - Shares accumulation by foreign funds Goto Gojek Tokopedia' (GOTO) shares is being accumulated by big names' foreign funds, recently. According to Bloomberg' data, on March 13th, 2024, BlackRock has bought another 99.59 mn of GOTO' shares, which made a total of 24.92 bn shares or around 2.17% of GOTO' total shares that owned by BlackRock. UBS AG also bought another 106.07 mn, which made their ownership increased to 3.69 bn shares or around 0.32% of GOTO' total shares. Followed by other big names' foreign funds, such as The Goldman Sachs Group, Franklin Resources AG and Dimensional Fund Advisory that bought around 13.7 mn, 114 mn, and 145.89 mn, of GOTO' shares, respectively. Note that, GOTO plans to release its 2023' audited financial statements, on March 19th, 2024, which is today. In 9M23, GOTO' revenue reached IDR10.5 tn and booked a net loss of IDR9.55 tn, which was better yoy. (Source : Bisnis Indonesia)