Haven Private LLC Takes $953,000 Position in MakeMyTrip Limited (NASDAQ:MMYT)

Haven Private LLC bought a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 8,490 shares of the technology company's stock, valued at approximately $953,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in shares of MakeMyTrip in the fourth quarter worth $35,000. Advisors Asset Management Inc. grew its stake in MakeMyTrip by 100.9% during 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. Steward Partners Investment Advisory LLC increased its holdings in MakeMyTrip by 41.4% during the 4th 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. R Squared Ltd purchased a new stake in MakeMyTrip during the 4th quarter worth about $99,000. Finally, BOCHK Asset Management Ltd raised its position in MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock valued at $124,000 after purchasing an additional 800 shares in the last quarter. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Stock Up 5.5 %

MMYT stock traded up $4.71 during trading on Tuesday, hitting $89.66. 1,202,994 shares of the company's stock were exchanged, compared to its average volume of 713,342. The business has a 50-day moving average price of $104.94 and a two-hundred day moving average price of $104.94. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 48.73, a PEG ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a 52-week low of $59.51 and a 52-week high of $123.00.

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MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. As a group, equities research analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current year.

Analyst Ratings Changes

MMYT has been the topic of a number of recent research reports. Bank of America upped their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, December 27th. StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th.

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.