Raul Marcelo Claure, a director at T-Mobile US, Inc. (NASDAQ:TMUS), recently sold a significant portion of the company's common stock, according to a filing with the Securities and Exchange Commission. Claure disposed of 110,000 shares at a weighted average price of $224.30 per share, totaling approximately $24.67 million. The shares were sold in multiple transactions, with prices ranging from $224.00 to $224.89. Following this transaction, Claure holds 1,441,204 shares indirectly through Claure Mobile LLC.
In other recent news, T-Mobile US has been the subject of several adjustments by analysts following strong earnings and revenue growth. Raymond (NS:RYMD) James downgraded T-Mobile's stock to Market Perform, indicating a shift to a neutral position on the stock's growth potential. On the other hand, Bernstein SocGen Group maintained its Outperform rating and $220.00 price target for T-Mobile, highlighting strong performance in service revenue and core adjusted EBITDA.
Oppenheimer increased T-Mobile's price target to $250, emphasizing a service revenue growth of 5.1%, surpassing their estimate. Scotiabank (TSX:BNS) raised 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, in response to strong third-quarter results and positive guidance revisions.
These recent developments underscore T-Mobile's robust operational results, including robust growth in postpaid accounts and a significant addition of postpaid phone net subscribers. Analysts from various firms have recognized T-Mobile's strong position to continue its leading growth rates in subscriber numbers and cash generation. These adjustments by analysts are crucial for investors, as they provide a glimpse of the company's financial health and future prospects.
InvestingPro Insights
T-Mobile US, Inc. (NASDAQ:TMUS) continues to demonstrate strong market performance, aligning with the recent insider sale by director Raul Marcelo Claure. The company's stock is currently trading near its 52-week high, with a market capitalization of $269.76 billion. This robust valuation is supported by T-Mobile's solid financial metrics and positive market sentiment.
According to InvestingPro data, T-Mobile's revenue for the last twelve months as of Q3 2024 stood at $80.01 billion, with a revenue growth of 2.11%. The company's profitability is evident from its adjusted operating income of $17.58 billion and an impressive operating income margin of 21.97% for the same period.
InvestingPro Tips highlight T-Mobile's strength in the market. The company is recognized as a prominent player in the Wireless Telecommunication Services industry, and its stock has shown a high return over the last year, with a one-year price total return of 60.03%. This performance is particularly noteworthy given that the stock generally trades with low price volatility, suggesting a stable investment opportunity.
Moreover, T-Mobile is trading at a low P/E ratio relative to its near-term earnings growth, with a PEG ratio of 0.7 as of the last twelve months ending Q3 2024. This indicates that the stock may be undervalued considering its growth prospects. The company's profitability over the last twelve months and analysts' predictions of continued profitability this year further reinforce its strong market position.
For investors seeking more comprehensive insights, InvestingPro offers 11 additional tips for T-Mobile US, Inc., providing a deeper analysis of the company's potential and market standing.
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