Viking Global Investors Reduces $149M in T-Mobile US, Inc. ($TMUS)
Key Points
- Viking Global Investors changed its T-Mobile US, Inc. ($TMUS) stake by 21.0% last quarter, cutting to 2,967,374 shares worth $560.42 million.
- Wall Street's consensus rating on $TMUS is Buy and an average price target of $260.81.
- $TMUS last traded around $188.86.
Viking Global Investors reduced its position in T-Mobile US, Inc. ($TMUS) by 21.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,967,374 shares of T-Mobile US, Inc. after selling 786,844 shares during the quarter. Viking Global Investors's holdings in T-Mobile US, Inc. were worth $560.42 million as of its most recent filing.
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About T-Mobile US, Inc.
T-Mobile US, Inc., together with its subsidiaries, provides wireless communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to postpaid, prepaid, and wholesale and other services customers. It also provides wireless devices, including smartphones, wearables, tablets, home broadband gateways, headsets, and other mobile communication devices, as well as accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts. The company offers services under the T-Mobile, Metro by T-Mobile, and Mint Mobile brands through its owned and operated retail stores, customer care channels, national retailers, and its websites, as well as through T-Mobile, Metro by T-Mobile, and Mint Mobile apps. It also sells devices to dealers and other third-party distributors for resale through independent third-party retail outlets and various third-party websites. The company was founded in 1994 and is headquartered in Bellevue, Washington. T-Mobile US, Inc. operates as a subsidiary of Deutsche Telekom AG.
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