Point72 Europe London LLP Buys 31,396 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Point72 Europe London LLP raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 61.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 82,596 shares of the Wireless communications provider's stock after purchasing an additional 31,396 shares during the period. T-Mobile US accounts for about 1.1% of Point72 Europe London LLP's portfolio, making the stock its 27th largest position. Point72 Europe London LLP's holdings in T-Mobile US were worth $18,231,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its stake in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares during the period. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the 4th quarter valued at about $28,000. Financial Life Planners purchased a new stake in shares of T-Mobile US during the fourth quarter worth approximately $29,000. Albion Financial Group UT purchased a new position in shares of T-Mobile US in the fourth quarter worth about $39,000. Finally, DT Investment Partners LLC increased its stake in shares of T-Mobile US by 58.8% in 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 last quarter. Institutional investors own 42.49% of the company's stock.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the company's 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 completion of the sale, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on TMUS. Bank of America upped their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada lifted their target price on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $235.29 on Thursday. The business has a fifty day moving average price of $254.76 and a two-hundred day moving average price of $242.79. The stock has a market capitalization of $267.16 billion, a PE ratio of 24.33, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a fifty-two week low of $162.15 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same quarter in the previous year, the business earned $2.00 earnings per share. T-Mobile US's revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.