Michael Sievert, President and CEO of T-Mobile US, Inc. (NASDAQ:TMUS), recently sold 40,000 shares of the company's common stock over two consecutive days. The transactions, executed under a pre-established Rule 10b5-1 trading plan, occurred on November 11 and 12, with shares sold at weighted average prices of $237.73 and $237.82, respectively. The total value of these sales amounted to approximately $9.51 million. Following these transactions, Sievert retains ownership of 358,124 shares in the company. This activity was detailed in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, T-Mobile US has been the center of several recent developments in the investment world. Raymond (NS:RYMD) James recently downgraded T-Mobile's stock to Market Perform, a shift from their previous Outperform rating. This decision was driven by a reassessment of the stock's valuation following its recent price surge. Despite this, several other firms have maintained or even increased their confidence in the company. Bernstein SocGen Group maintained its Outperform rating and $220.00 price target for T-Mobile, citing the company's strong performance in terms of service revenue and core adjusted EBITDA.
Oppenheimer boosted T-Mobile's price target to $250, pointing to a service revenue growth of 5.1% and the addition of 865,000 postpaid phone net subscribers. Scotiabank (TSX:BNS) also increased its price target for T-Mobile from $236.00 to $237.00, following the company's announcement of a robust quarter. Benchmark raised the price target for T-Mobile to $255, responding to strong third-quarter results and positive guidance revisions.
These developments underscore T-Mobile's strong performance and potential for growth. However, as Raymond James' downgrade suggests, investors may want to monitor the company's progress against various risks in the broader industry and macroeconomic environment.
InvestingPro Insights
T-Mobile US, Inc. (NASDAQ:TMUS) has been demonstrating strong market performance, aligning with CEO Michael Sievert's recent stock transactions. According to InvestingPro data, the company's stock is trading near its 52-week high, with a robust 66.17% total return over the past year. This impressive performance is further underscored by a 48.51% total return in the last six months alone.
The company's financial health appears solid, with a market capitalization of $279.47 billion and revenue of $80.01 billion over the last twelve months as of Q3 2024. T-Mobile's profitability is evident, with an adjusted operating income of $17.58 billion and an operating income margin of 21.97% for the same period.
InvestingPro Tips highlight T-Mobile's strength in the Wireless Telecommunication Services industry. The stock's low price volatility and trading at a low P/E ratio relative to near-term earnings growth suggest potential value for investors. Additionally, analysts predict the company will remain profitable this year, which could contribute to its continued market strength.
It's worth noting that while the stock's RSI suggests it may be in overbought territory, the company's consistent profitability and strong returns over various time frames indicate underlying strength. Investors seeking more comprehensive analysis can access additional InvestingPro Tips, with 12 more tips available on the InvestingPro platform.
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