Key Points
- Srikant Datar, a T-Mobile US director, sold 3,291 shares on March 4 at an average price of $221.10, generating about $727,640 in proceeds and reducing his stake to 1,038 shares (a 76.02% decrease).
- T-Mobile shares are trading near $221.57 with a 50‑day / 200‑day SMA of $202.78 / $216.13, a market cap of $244.14 billion and a P/E of 22.82, within a 52‑week range of $181.36–$272.60.
- Analysts hold a consensus of "Moderate Buy" with an average target price of $257.09 (1 Strong Buy, 17 Buy, 10 Hold), and institutional investors own roughly 42.5% of the stock.
T-Mobile US, Inc. (NASDAQ:TMUS - Get Free Report) Director Srikant Datar sold 3,291 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the transaction, the director directly owned 1,038 shares in the company, valued at approximately $229,501.80. This represents a 76.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
T-Mobile US Trading Up 0.5%
T-Mobile US stock opened at $221.57 on Friday. The business has a 50-day simple moving average of $202.78 and a two-hundred day simple moving average of $216.13. The company has a market cap of $244.14 billion, a P/E ratio of 22.82, a P/E/G ratio of 1.43 and a beta of 0.43. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $272.60. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45.
Hedge Funds Weigh In On T-Mobile US
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMUS. Convergence Financial LLC boosted its holdings in shares of T-Mobile US by 54.2% in the 2nd quarter. Convergence Financial LLC now owns 1,597 shares of the Wireless communications provider's stock worth $381,000 after purchasing an additional 561 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $4,859,000. Graphene Investments SAS grew its holdings in T-Mobile US by 8.3% during the 2nd quarter. Graphene Investments SAS now owns 13,000 shares of the Wireless communications provider's stock valued at $3,097,000 after purchasing an additional 1,000 shares during the last quarter. Andra AP fonden grew its holdings in T-Mobile US by 22.6% during the 2nd quarter. Andra AP fonden now owns 176,100 shares of the Wireless communications provider's stock valued at $41,958,000 after purchasing an additional 32,500 shares during the last quarter. Finally, SouthState Corp raised its position in T-Mobile US by 11.1% in the 2nd quarter. SouthState Corp now owns 10,494 shares of the Wireless communications provider's stock worth $2,500,000 after purchasing an additional 1,047 shares during the period. 42.49% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on TMUS shares. Benchmark reaffirmed a "buy" rating on shares of T-Mobile US in a report on Thursday, February 12th. The Goldman Sachs Group raised their target price on T-Mobile US from $233.00 to $254.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. Zacks Research raised T-Mobile US from a "strong sell" rating to a "hold" rating in a report on Wednesday, November 26th. DZ Bank reaffirmed a "buy" rating on shares of T-Mobile US in a research note on Friday, February 13th. Finally, Royal Bank Of Canada lowered their price objective on T-Mobile US from $270.00 to $255.00 and set an "outperform" rating on the stock in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $257.09.
Check Out Our Latest Research Report on T-Mobile US
T-Mobile US Company Profile
(
Get Free Report)
T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.
Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.
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