MakeMyTrip Limited (NASDAQ:MMYT) Shares Acquired by IFP Advisors Inc

IFP Advisors Inc boosted its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,833 shares of the technology company’s stock after purchasing an additional 509 shares during the quarter. IFP Advisors Inc’s holdings in MakeMyTrip were worth $1,104,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas purchased a new stake in shares of MakeMyTrip during the 4th quarter valued at $35,000. Advisors Asset Management Inc. boosted its holdings in MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after acquiring an additional 225 shares during the last quarter. R Squared Ltd purchased a new stake in MakeMyTrip during the fourth quarter valued at about $99,000. BOCHK Asset Management Ltd increased its stake in MakeMyTrip by 266.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock worth $124,000 after acquiring an additional 800 shares during the last quarter. Finally, D Orazio & Associates Inc. purchased a new position in shares of MakeMyTrip in the 3rd quarter worth about $210,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Trading Down 0.3 %

NASDAQ:MMYT opened at $93.07 on Friday. MakeMyTrip Limited has a 12 month low of $56.90 and a 12 month high of $123.00. The business’s 50-day moving average is $108.24 and its two-hundred day moving average is $105.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The firm has a market capitalization of $10.22 billion, a PE ratio of 50.58, a price-to-earnings-growth ratio of 6.56 and a beta of 1.29.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Research analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MMYT. Bank of America boosted their target price on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

MakeMyTrip Company Profile

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.