12,288 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. purchased a new position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,288 shares of the technology company's stock, valued at approximately $1,134,000.

A number of other hedge funds have also recently modified their holdings of MMYT. Park Place Capital Corp bought a new position in shares of MakeMyTrip during the third quarter valued at approximately $25,000. Advisors Asset Management Inc. raised its holdings in MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after purchasing an additional 225 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of MakeMyTrip in the 2nd quarter worth about $59,000. EverSource Wealth Advisors LLC lifted its position in shares of MakeMyTrip by 44.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company's stock worth $65,000 after purchasing an additional 236 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of MakeMyTrip during the 2nd quarter valued at about $143,000. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Stock Down 5.2 %

Shares of NASDAQ MMYT traded down $6.19 during trading on Wednesday, reaching $111.82. The company had a trading volume of 442,325 shares, compared to its average volume of 706,748. The business's 50-day moving average is $108.04 and its 200 day moving average is $97.13. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. The stock has a market cap of $12.28 billion, a PE ratio of 61.10, a P/E/G ratio of 6.74 and a beta of 1.27. MakeMyTrip Limited has a 12-month low of $43.31 and a 12-month high of $123.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.10. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. The business had revenue of $210.99 million during the quarter, compared to analyst estimates of $214.90 million. During the same period last year, the business earned $0.18 EPS. As a group, equities analysts forecast that MakeMyTrip Limited will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Bank of America raised their price objective on shares of MakeMyTrip from $112.00 to $119.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. StockNews.com downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th.

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.