ProShare Advisors LLC Has $308.67 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

ProShare Advisors LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,398,391 shares of the Wireless communications provider’s stock after buying an additional 232,964 shares during the quarter. T-Mobile US accounts for about 0.7% of ProShare Advisors LLC’s holdings, making the stock its 16th biggest position. ProShare Advisors LLC owned approximately 0.12% of T-Mobile US worth $308,667,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TMUS. Rakuten Securities Inc. boosted its holdings in 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 purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US during the fourth quarter worth about $28,000. Financial Life Planners purchased a new position in T-Mobile US during the fourth quarter worth about $29,000. Albion Financial Group UT purchased a new position in T-Mobile US during the fourth quarter worth about $39,000. Finally, DT Investment Partners LLC boosted its holdings in 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 during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $235.29 on Thursday. The stock has a market capitalization of $267.16 billion, a P/E ratio of 24.33, a PEG ratio of 1.55 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm’s 50 day moving average is $254.76 and its 200 day moving average is $242.79. T-Mobile US, Inc. has a 12 month low of $162.15 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. T-Mobile US’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 EPS. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TMUS. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Hsbc Global Res cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Tigress Financial boosted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Finally, Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $257.68.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. This represents a 18.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.67% of the stock is currently owned by insiders.

T-Mobile US Profile

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.