Vident Advisory LLC Boosts Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Vident Advisory LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 203.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,310 shares of the Wireless communications provider’s stock after acquiring an additional 69,940 shares during the quarter. Vident Advisory LLC’s holdings in T-Mobile US were worth $23,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Rakuten Securities Inc. increased its position in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust acquired a new position in shares of T-Mobile US during the fourth quarter worth $28,000. Financial Life Planners acquired a new position in shares of T-Mobile US during the fourth quarter worth $29,000. Albion Financial Group UT acquired a new position in shares of T-Mobile US during the fourth quarter worth $39,000. Finally, DT Investment Partners LLC grew its stake in shares of T-Mobile US by 58.8% during the fourth quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Up 1.0%

NASDAQ TMUS opened at $242.66 on Monday. The stock has a market capitalization of $275.53 billion, a P/E ratio of 25.09, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 52-week low of $163.15 and a 52-week high of $276.49. The firm has a 50-day moving average price of $253.96 and a 200 day moving average price of $243.27. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.67 billion. During the same period last year, the company posted $2.00 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TMUS shares. Citigroup downgraded shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price for the company. in a research note on Friday, March 14th. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Barclays upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Oppenheimer upped their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $257.68.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.