MakeMyTrip Limited (NASDAQ:MMYT) Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 43.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,314 shares of the technology company's stock after buying an additional 6,188 shares during the quarter. Envestnet Asset Management Inc.'s holdings in MakeMyTrip were worth $2,281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MMYT. USA Financial Formulas bought a new stake in MakeMyTrip in the fourth quarter valued at about $35,000. Steward Partners Investment Advisory LLC increased its holdings in MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after buying an additional 111 shares during the last quarter. Signaturefd LLC bought a new stake in MakeMyTrip in the fourth quarter valued at about $74,000. R Squared Ltd bought a new position in shares of MakeMyTrip during the fourth quarter valued at approximately $99,000. Finally, BOCHK Asset Management Ltd grew its holdings in shares of MakeMyTrip by 266.7% during the fourth 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 during the last quarter. 51.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th.

MakeMyTrip Stock Performance

MakeMyTrip stock traded down $3.04 during mid-day trading on Monday, hitting $104.60. 606,374 shares of the company's stock traded hands, compared to its average volume of 718,329. MakeMyTrip Limited has a one year low of $65.54 and a one year high of $123.00. The company has a market cap of $11.48 billion, a PE ratio of 56.85, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00. The firm has a 50 day moving average price of $97.56 and a 200 day moving average price of $105.03. 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 (NASDAQ:MMYT - Get Free Report) last released its quarterly 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 return on equity of 11.46% and a net margin of 25.42%. On average, equities analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current 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.