This afternoon we watched T-Mobile US drop -2.5% to a price of $133.52 per share. The large-cap Communication Equipment company is now trading -24.58% below its average target price of $177.03. Analysts have set target prices ranging from $115.75 to $225.0 per share for T-Mobile US, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 4.2%, and a short ratio of 4.96. The company's insiders own 54.64% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 43.2% of T-Mobile US's shares being owned by this investor type.
Institutions Invested in T-Mobile US
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 4% | 48,207,302 | $6,436,639,169 |
| 2023-06-30 | Softbank Group Corporation | 4% | 43,338,209 | $5,786,517,850 |
| 2023-06-30 | Blackrock Inc. | 3% | 39,469,060 | $5,269,909,059 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 3% | 37,195,382 | $4,966,327,563 |
| 2023-06-30 | State Street Corporation | 2% | 24,733,273 | $3,302,386,716 |
| 2022-12-31 | Norges Bank Investment Management | 2% | 20,010,302 | $2,671,775,608 |
| 2023-06-30 | FMR, LLC | 2% | 18,936,963 | $2,528,463,380 |
| 2023-06-30 | Geode Capital Management, LLC | 1% | 12,070,277 | $1,611,623,436 |
| 2023-06-30 | Dodge & Cox Inc | 1% | 11,506,948 | $1,536,407,746 |
| 2023-06-30 | Morgan Stanley | 1% | 11,151,000 | $1,488,881,567 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on T-Mobile US.
