Srikant Datar Sells 3,291 Shares of T-Mobile US (NASDAQ:TMUS) Stock

T-Mobile US, Inc. (NASDAQ:TMUS) Director Srikant Datar sold 3,291 shares of T-Mobile US stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the transaction, the director owned 1,038 shares in the company, valued at $229,501.80. The trade was a 76.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

T-Mobile US Stock Up 0.5%

Shares of TMUS traded up $1.03 during midday trading on Friday, reaching $221.57. 3,535,779 shares of the company were exchanged, compared to its average volume of 6,471,088. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $272.60. The stock has a 50-day moving average price of $202.37 and a 200-day moving average price of $216.37. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The company has a market cap of $244.14 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 1.42 and a beta of 0.43.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings lowered shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Barclays boosted their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective for the company in a research report on Thursday, February 19th. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Finally, Morgan Stanley cut their price target on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. One 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 stock. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $257.09.

Hedge Funds Weigh In On T-Mobile US

Large investors have recently added to or reduced their stakes in the company. SHP Wealth Management bought a new stake in shares of T-Mobile US during the 4th quarter valued at about $73,000. Reflection Asset Management bought a new position in shares of T-Mobile US during the fourth quarter valued at approximately $113,000. Tobam lifted its holdings in shares of T-Mobile US by 38.7% in the 4th quarter. Tobam now owns 27,117 shares of the Wireless communications provider’s stock worth $5,506,000 after purchasing an additional 7,564 shares during the last quarter. Wick Capital Partners LLC lifted its holdings in shares of T-Mobile US by 4.2% in the 4th quarter. Wick Capital Partners LLC now owns 1,355 shares of the Wireless communications provider’s stock worth $275,000 after purchasing an additional 55 shares during the last quarter. Finally, Groupama Asset Managment boosted its position in T-Mobile US by 1.4% during the 4th quarter. Groupama Asset Managment now owns 331,032 shares of the Wireless communications provider’s stock valued at $67,213,000 after purchasing an additional 4,714 shares during the period. 42.49% of the stock is currently owned by institutional investors.

About T-Mobile US

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.