AIA Group Ltd Has $5.30 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• AIA Group boosted its T‑Mobile stake 127.2% in Q3 to 22,131 shares worth $5.30 million, and several large institutions (Wellington, Norges Bank, Marshall Wace, Viking, Amundi) also added sizeable positions, leaving 42.49% of the stock held by institutions.
• Insider selling has been substantial: insiders sold 694,134 shares in the past 90 days, including Director Raul M. Claure's 550,000‑share sale for about $119.7 million, leaving insiders with just 0.37% ownership.
• Analyst consensus is a "Moderate Buy" with an average price target of $257.30 versus the recent trading price near $206.59, implying potential upside for the stock.

AIA Group Ltd raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 127.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,131 shares of the Wireless communications provider's stock after buying an additional 12,392 shares during the quarter. AIA Group Ltd's holdings in T-Mobile US were worth $5,298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of T-Mobile US during the 2nd quarter worth about $1,477,780,000. Wellington Management Group LLP boosted its position in T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider's stock valued at $3,222,454,000 after buying an additional 4,335,368 shares in the last quarter. Marshall Wace LLP boosted its position in T-Mobile US by 2,303.2% in the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider's stock valued at $428,174,000 after buying an additional 1,878,654 shares in the last quarter. Viking Global Investors LP grew its stake in T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock worth $677,925,000 after buying an additional 1,279,422 shares during the last quarter. Finally, Amundi grew its stake in T-Mobile US by 44.6% during the third quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider's stock worth $924,380,000 after buying an additional 1,266,808 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 550,000 shares of the company's stock in a transaction dated 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 sale, the director directly owned 891,204 shares of the company's stock, valued at $193,899,254.28. This represents a 38.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Wolfe Nelson sold 10,240 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the completion of the sale, the insider owned 74,280 shares in the company, valued at $16,401,024. This represents a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 694,134 shares of company stock valued at $150,847,799. Corporate insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TMUS shares. Benchmark reiterated a "buy" rating on shares of T-Mobile US in a research note on Thursday, February 12th. KeyCorp upgraded T-Mobile US from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 2nd. Barclays raised their price target on T-Mobile US from $240.00 to $245.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Argus cut their price objective on T-Mobile US from $275.00 to $245.00 and set a "buy" rating for the company in a research report on Tuesday, December 9th. Finally, Wells Fargo & Company boosted their price objective on T-Mobile US from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $257.30.

T-Mobile US Trading Down 0.0%

TMUS opened at $206.59 on Friday. The firm has a 50 day simple moving average of $205.09 and a 200 day simple moving average of $213.62. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $272.60. The company has a market cap of $227.63 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 1.35 and a beta of 0.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

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.

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