Vident Advisory LLC Boosts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Vident Advisory LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 203.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,310 shares of the Wireless communications provider's stock after purchasing an additional 69,940 shares during the quarter. Vident Advisory LLC's holdings in T-Mobile US were worth $23,025,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TMUS. Barclays PLC lifted its stake in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Tallon Kerry Patrick purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $2,138,000. Wealthcare Advisory Partners LLC grew its holdings in shares of T-Mobile US by 3.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,966 shares of the Wireless communications provider's stock valued at $655,000 after purchasing an additional 105 shares during the period. Merit Financial Group LLC grew its holdings in shares of T-Mobile US by 206.6% in the fourth quarter. Merit Financial Group LLC now owns 7,257 shares of the Wireless communications provider's stock valued at $1,602,000 after purchasing an additional 4,890 shares during the period. Finally, Premier Path Wealth Partners LLC grew its holdings in shares of T-Mobile US by 4.5% in the fourth quarter. Premier Path Wealth Partners LLC now owns 3,456 shares of the Wireless communications provider's stock valued at $763,000 after purchasing an additional 149 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Up 0.9%

NASDAQ:TMUS traded up $2.06 during midday trading on Friday, reaching $242.88. The company had a trading volume of 4,173,920 shares, compared to its average volume of 4,246,505. The firm has a market capitalization of $275.78 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.55 and a beta of 0.69. The stock's fifty day simple moving average is $252.32 and its 200-day simple moving average is $243.60. T-Mobile US, Inc. has a 12-month low of $164.76 and a 12-month high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

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

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday. Benchmark restated a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Finally, HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research report on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.