The stock price of PT GoTo Gojek Tokopedia Tbk (GOTO) surged 20% in the last month. This positive performance occurred amidst rumors of a merger or business combination with Grab.
BinaArtha Sekuritas analyst, Ivan Rosanova, believes GOTO shares have the potential to continue their rally to levels 71 and even 78, provided they can break through the resistance area at 65.
"Hold or take partial profit at 65 as the nearest price target," Ivan said, as reported by Katadata.co.id, Monday (November 10, 2025).
As of early November 2025, the majority of GOTO shares were held by non-certificated public investors, accounting for 76.92% of the total outstanding shares.
Excluding the public, the majority of GOTO shares are controlled by SVF GT Subco (Singapore) and Taobao China Holding Limited, with stakes of 7.65% and 7.43% respectively.
Furthermore, internal shareholders, such as William Tanuwijaya, Andre Soelistyo, Melissa Siska Juminto, and Kevin Bryan Aluwi, hold stakes below 2%.
Below is the complete list of GOTO shareholders, according to the Indonesia Stock Exchange (IDX) report accessed on Tuesday (November 11, 2025):
- SVF GT Subco (Singapore) Pte. Ltd.: 7.65%
- Taobao China Holding Limited: 7.43%
- PT Saham Anak Bangsa: 2.26%
- William Tanuwijaya (Series B): 1.06%
- Andre Soelistyo (Series B): 0.57%
- Melissa Siska Juminto (Series A): 0.34%
- Kevin Bryan Aluwi: 0.27%
- William Tanuwijaya (Series A): 0.21%
- Melissa Siska Juminto (Series B): 0.09%
- Hans Patuwo: 0.05%
- Catherine Hindra Sutjahyo: 0.04%
- Sugito Walujo: 0.03%
- Agus D.W. Martowardojo: 0.01%
- Monica Lynn Mulyanto: 0.01%
- Sudhanshu Raheja: 0%
- Andre Soelistyo (Series A): 0%
- Treasury shares: 2.82%
- Certificated public investors: 0.24%
- Non-certificated public investors: 76.92%