The Gerber Kawasaki Wealth & Investment Management Acquires 3,322 Shares of T-Mobile US Inc. (TMUS)

The Gerber Kawasaki Wealth & Investment Management Acquires 3,322 Shares of T-Mobile US Inc. (TMUS)

Gerber Kawasaki Wealth & Investment Management raised its position in shares of T-Mobile US Inc. (NASDAQ:TMUS) by 7.2% during the second quarter, Holdings Channel reports. The firm owned 49,210 shares of the company’s stock after buying an additional 3,322 shares during the period. T-Mobile US accounts for about 1.3% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its 20th largest position. Gerber Kawasaki Wealth & Investment Management’s holdings in T-Mobile US were worth $2,129,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Nuveen Asset Management LLC raised its stake in shares of T-Mobile US by 82.0% in the first quarter. Nuveen Asset Management LLC now owns 477,620 shares of the company’s stock worth $18,293,000 after buying an additional 215,165 shares during the period. HBK Investments L P acquired a new stake in shares of T-Mobile US during the first quarter worth approximately $11,555,000. Wellington Management Group LLP raised its stake in shares of T-Mobile US by 2.5% in the first quarter. Wellington Management Group LLP now owns 1,112,513 shares of the company’s stock worth $42,609,000 after buying an additional 27,572 shares during the period. Geode Capital Management LLC raised its stake in shares of T-Mobile US by 2.0% in the first quarter. Geode Capital Management LLC now owns 1,937,905 shares of the company’s stock worth $74,182,000 after buying an additional 38,059 shares during the period. Finally, AXA acquired a new stake in shares of T-Mobile US during the first quarter worth approximately $766,000. Institutional investors and hedge funds own 34.22% of the company’s stock.

Shares of T-Mobile US Inc. (NASDAQ:TMUS) traded up 0.56% during midday trading on Monday, hitting $46.49. The stock had a trading volume of 1,460,815 shares. T-Mobile US Inc. has a 12 month low of $33.23 and a 12 month high of $48.11. The firm has a market cap of $38.25 billion, a price-to-earnings ratio of 35.76 and a beta of 0.51. The stock’s 50 day moving average price is $46.28 and its 200 day moving average price is $43.54.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. T-Mobile US had a return on equity of 6.77% and a net margin of 3.36%. The company earned $9.20 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the company earned $0.42 EPS. T-Mobile US’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US Inc. will post $1.32 EPS for the current fiscal year.

A number of brokerages have commented on TMUS. Jefferies Group restated a “buy” rating and set a $55.00 price target on shares of T-Mobile US in a research note on Monday, August 8th. Vetr lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $48.53 price target for the company. in a research note on Monday, September 5th. Argus reiterated a “buy” rating and issued a $56.00 target price (up previously from $49.00) on shares of T-Mobile US in a research note on Thursday, August 4th. BTIG Research upped their target price on shares of T-Mobile US from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Finally, HSBC reiterated a “hold” rating on shares of T-Mobile US in a research note on Wednesday, September 28th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $49.20.

In related news, CFO J Braxton Carter II sold 59,600 shares of T-Mobile US stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $46.24, for a total value of $2,755,904.00. Following the completion of the sale, the chief financial officer now directly owns 197,568 shares in the company, valued at approximately $9,135,544.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Neville R. Ray sold 3,969 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $45.01, for a total value of $178,644.69. Following the completion of the transaction, the executive vice president now directly owns 206,073 shares in the company, valued at $9,275,345.73. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

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