E Fund Management Co. Ltd. Has $1.90 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

E Fund Management Co. Ltd. boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% in the second quarter, Holdings Channel reports. The firm owned 10,798 shares of the Wireless communications provider’s stock after purchasing an additional 99 shares during the period. E Fund Management Co. Ltd.’s holdings in T-Mobile US were worth $1,902,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. grew its holdings in T-Mobile US by 3.1% during the fourth quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock valued at $29,574,000 after purchasing an additional 5,552 shares during the period. GSA Capital Partners LLP acquired a new position in T-Mobile US during the first quarter valued at approximately $1,908,000. Cardinal Capital Management Inc. acquired a new position in T-Mobile US during the fourth quarter valued at approximately $29,962,000. CFO4Life Group LLC acquired a new position in T-Mobile US during the first quarter valued at approximately $932,000. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in T-Mobile US by 26.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after purchasing an additional 4,253 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday. Benchmark upped their price target on shares of T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 1st. TD Cowen upped their price target on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, August 1st. KeyCorp upped their price target on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Monday. Finally, Scotiabank upped their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $205.69.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the sale, the director now directly owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the sale, the director now directly owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the sale, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 840,336 shares of company stock valued at $154,461,060. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

Shares of TMUS opened at $202.70 on Wednesday. T-Mobile US, Inc. has a 12 month low of $135.82 and a 12 month high of $206.30. The firm has a fifty day simple moving average of $191.16 and a 200 day simple moving average of $175.90. The stock has a market capitalization of $237.53 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 0.74 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. Research analysts forecast that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Company 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.