Congress Wealth Management LLC DE Sells 295 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Congress Wealth Management LLC DE trimmed its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,692 shares of the technology company’s stock after selling 295 shares during the period. Congress Wealth Management LLC DE’s holdings in MakeMyTrip were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new position in shares of MakeMyTrip in the 4th quarter valued at about $35,000. Advisors Asset Management Inc. lifted its stake in MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after purchasing an additional 225 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after purchasing an additional 111 shares during the period. Signaturefd LLC acquired a new position in MakeMyTrip during the fourth quarter worth approximately $74,000. Finally, R Squared Ltd bought a new stake in MakeMyTrip in the fourth quarter valued at approximately $99,000. 51.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on MMYT shares. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Bank of America lifted their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th.

MakeMyTrip Stock Performance

Shares of NASDAQ:MMYT opened at $103.51 on Friday. MakeMyTrip Limited has a 1 year low of $60.55 and a 1 year high of $123.00. The stock has a market capitalization of $11.36 billion, a price-to-earnings ratio of 56.26, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. 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 company’s 50 day simple moving average is $102.00 and its 200 day simple moving average is $105.21.

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

MakeMyTrip 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.