T-Mobile US (NASDAQ:TMUS) Director Srikant Datar Sells 3,291 Shares

T-Mobile US, Inc. (NASDAQ:TMUS) Director Srikant Datar sold 3,291 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the transaction, the director owned 1,038 shares of the company’s stock, valued at $229,501.80. This represents a 76.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

T-Mobile US Stock Performance

T-Mobile US stock traded up $1.03 during midday trading on Friday, reaching $221.57. 3,535,779 shares of the stock traded hands, compared to its average volume of 6,471,088. 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 current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The firm has a market cap of $244.14 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 1.42 and a beta of 0.43. The firm has a fifty day moving average price of $202.37 and a two-hundred day moving average price of $216.37.

Institutional Investors Weigh In On T-Mobile US

A number of institutional investors have recently modified their holdings of TMUS. Howard Hughes Medical Institute bought a new position in T-Mobile US in the 2nd quarter worth $25,000. United Community Bank grew its position in shares of T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in shares of T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares during the period. JDM Financial Group LLC increased its stake in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Finally, Aspect Partners LLC lifted its position in shares of T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on TMUS shares. Morgan Stanley dropped their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a report on Thursday, February 19th. Citigroup decreased their target price on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. The Goldman Sachs Group increased their price target on T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, BNP Paribas Exane cut their price objective on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $257.09.

About T-Mobile US

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.