MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 148,731 Shares of T-Mobile US, Inc. $TMUS

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 17.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 693,045 shares of the Wireless communications provider’s stock after selling 148,731 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in T-Mobile US were worth $165,901,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TMUS. Foundations Investment Advisors LLC lifted its position in T-Mobile US by 259.1% in the second quarter. Foundations Investment Advisors LLC now owns 10,026 shares of the Wireless communications provider’s stock worth $2,389,000 after buying an additional 7,234 shares during the last quarter. Cetera Investment Advisers increased its position in T-Mobile US by 8.7% during the second quarter. Cetera Investment Advisers now owns 128,772 shares of the Wireless communications provider’s stock valued at $30,681,000 after acquiring an additional 10,260 shares during the last quarter. Avantax Advisory Services Inc. increased its position in T-Mobile US by 8.4% during the second quarter. Avantax Advisory Services Inc. now owns 41,027 shares of the Wireless communications provider’s stock valued at $9,775,000 after acquiring an additional 3,188 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in shares of T-Mobile US in the second quarter valued at $4,694,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of T-Mobile US by 5.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 38,522 shares of the Wireless communications provider’s stock worth $9,179,000 after acquiring an additional 2,070 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $214.82 on Tuesday. The firm has a 50 day moving average of $204.44 and a 200 day moving average of $213.99. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $236.70 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.41 and a beta of 0.42. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 550,000 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total value of $119,663,500.00. Following the completion of the transaction, the director directly owned 891,204 shares of the company’s stock, valued at approximately $193,899,254.28. The trade was a 38.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Wolfe Nelson sold 10,240 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total value of $2,260,992.00. Following the sale, the insider owned 74,280 shares of the company’s stock, valued at $16,401,024. This trade represents a 12.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 694,134 shares of company stock worth $150,847,799. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on shares of T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Thursday, February 19th. Wall Street Zen downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Finally, Weiss Ratings cut T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

T-Mobile US Profile

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.