BIT Capital GmbH Takes $965,000 Position in MakeMyTrip Limited (NASDAQ:MMYT)

BIT Capital GmbH purchased a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,591 shares of the technology company's stock, valued at approximately $965,000.

Several other large investors have also modified their holdings of the company. USA Financial Formulas acquired a new position in MakeMyTrip in the fourth quarter valued at $35,000. Advisors Asset Management Inc. increased its position 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 acquiring an additional 225 shares during the period. Steward Partners Investment Advisory LLC lifted its position 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 acquiring an additional 111 shares during the period. Signaturefd LLC acquired a new stake in MakeMyTrip during the 4th quarter worth approximately $74,000. Finally, R Squared Ltd purchased a new position in shares of MakeMyTrip in the 4th quarter valued at approximately $99,000. 51.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MMYT has been the subject of several recent research reports. StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a 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 company a "buy" rating in a report on Friday, December 27th.

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MakeMyTrip Price Performance

MMYT stock traded down $4.51 on Monday, reaching $99.00. 312,502 shares of the company's stock were exchanged, compared to its average volume of 715,429. The stock has a fifty day moving average of $102.00 and a 200-day moving average of $105.32. The firm has a market cap of $10.87 billion, a PE ratio of 53.82, a P/E/G ratio of 6.56 and a beta of 1.36. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a twelve month low of $60.55 and a twelve month high of $123.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its 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%. As a group, equities analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

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.