Platform Technology Partners Has $306,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Platform Technology Partners reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,184 shares of the Wireless communications provider’s stock after selling 123 shares during the quarter. Platform Technology Partners’ holdings in T-Mobile US were worth $306,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. MADDEN SECURITIES Corp acquired a new stake in T-Mobile US during the 4th quarter worth about $35,000. EWG Elevate Inc. acquired a new stake in T-Mobile US during the 4th quarter worth about $64,000. Phocas Financial Corp. acquired a new stake in T-Mobile US during the 4th quarter worth about $28,000. American National Bank grew its holdings in T-Mobile US by 122.6% during the 4th quarter. American National Bank now owns 256 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 141 shares during the period. Finally, Stableford Capital II LLC grew its holdings in T-Mobile US by 1.3% during the 4th quarter. Stableford Capital II LLC now owns 10,401 shares of the Wireless communications provider’s stock worth $1,547,000 after acquiring an additional 135 shares during the period. 42.86% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded up $0.94 during mid-day trading on Friday, hitting $142.45. 9,163,922 shares of the stock were exchanged, compared to its average volume of 5,432,377. T-Mobile US, Inc. has a 12 month low of $120.90 and a 12 month high of $154.38. The company has a 50-day simple moving average of $145.41 and a 200 day simple moving average of $143.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.69 and a current ratio of 0.77. The company has a market capitalization of $173.70 billion, a P/E ratio of 69.15, a P/E/G ratio of 0.68 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS – Get Rating) last posted its earnings results on Wednesday, February 1st. The Wireless communications provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.10 by $0.08. T-Mobile US had a net margin of 3.26% and a return on equity of 6.43%. The firm had revenue of $20.27 billion for the quarter, compared to analysts’ expectations of $20.66 billion. During the same quarter last year, the firm earned $1.10 EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. Sell-side analysts anticipate that T-Mobile US, Inc. will post 6.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other T-Mobile US news, Director Teresa Taylor sold 11,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $147.63, for a total transaction of $1,623,930.00. Following the transaction, the director now owns 23,202 shares of the company’s stock, valued at approximately $3,425,311.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Callie R. Field sold 5,381 shares of the firm’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $145.59, for a total transaction of $783,419.79. Following the completion of the sale, the insider now owns 112,761 shares in the company, valued at approximately $16,416,873.99. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Teresa Taylor sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $147.63, for a total transaction of $1,623,930.00. Following the sale, the director now owns 23,202 shares of the company’s stock, valued at approximately $3,425,311.26. The disclosure for this sale can be found here. Insiders have sold a total of 94,380 shares of company stock valued at $13,475,440 in the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Raymond James increased their price target on T-Mobile US from $168.00 to $174.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 2nd. Credit Suisse Group set a $175.00 price objective on shares of T-Mobile US in a research report on Friday, December 9th. Citigroup increased their price objective on shares of T-Mobile US from $174.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Royal Bank of Canada set a $172.00 price objective on shares of T-Mobile US in a research report on Wednesday. Finally, Cowen cut their price objective on shares of T-Mobile US from $201.00 to $199.00 and set an “outperform” rating on the stock in a research report on Thursday, February 2nd. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $180.17.

T-Mobile US Profile

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T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.