GF Fund Management CO. LTD. Buys New Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

GF Fund Management CO. LTD. purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 220,031 shares of the Wireless communications provider's stock, valued at approximately $48,567,000. T-Mobile US comprises approximately 1.1% of GF Fund Management CO. LTD.'s portfolio, making the stock its 14th largest holding.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its position in T-Mobile US by 93.9% during the 4th 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 stake in T-Mobile US during the 4th quarter worth about $28,000. Financial Life Planners acquired a new stake in T-Mobile US during the 4th quarter worth about $29,000. Pinney & Scofield Inc. acquired a new stake in T-Mobile US during the 4th quarter worth about $39,000. Finally, DT Investment Partners LLC lifted its position in T-Mobile US by 58.8% during the 4th quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider's stock worth $42,000 after acquiring an additional 70 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Stock Down 1.3%

Shares of TMUS stock traded down $3.22 during trading hours on Thursday, hitting $238.29. 1,205,457 shares of the company were exchanged, compared to its average volume of 4,221,720. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a one year low of $167.13 and a one year high of $276.49. The business's 50-day simple moving average is $251.43 and its two-hundred day simple moving average is $243.80. The stock has a market capitalization of $270.57 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. The company 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% compared to the same quarter last year. During the same quarter last year, the business earned $2.00 earnings per share. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Bank of America lifted their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Barclays lifted their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Royal Bank of Canada boosted their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Finally, Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average target price 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.