Navellier & Associates Inc. Acquires 11,305 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Navellier & Associates Inc. increased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,840 shares of the technology company's stock after buying an additional 11,305 shares during the period. Navellier & Associates Inc.'s holdings in MakeMyTrip were worth $5,147,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Rheos Capital Works Inc. grew its position in shares of MakeMyTrip by 237.5% during the 4th quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company's stock worth $15,158,000 after buying an additional 95,000 shares during the period. Natixis Advisors LLC bought a new stake in MakeMyTrip in the third quarter valued at approximately $1,219,000. Citigroup Inc. raised its holdings in MakeMyTrip by 154.3% in the third quarter. Citigroup Inc. now owns 60,123 shares of the technology company's stock worth $5,588,000 after purchasing an additional 36,476 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of MakeMyTrip during the third quarter worth $1,134,000. Finally, GSA Capital Partners LLP acquired a new position in shares of MakeMyTrip in the 3rd quarter valued at $674,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Stock Up 0.6 %

Shares of NASDAQ:MMYT traded up $0.53 during midday trading on Wednesday, reaching $93.33. 1,155,538 shares of the company were exchanged, compared to its average volume of 840,243. The firm has a market cap of $10.25 billion, a PE ratio of 50.72, a P/E/G ratio of 6.56 and a beta of 1.29. MakeMyTrip Limited has a fifty-two week low of $56.90 and a fifty-two week high of $123.00. The stock has a fifty day simple moving average of $109.01 and a two-hundred day simple moving average of $105.23. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19.

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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 net margin of 25.42% and a return on equity of 11.46%. As a group, sell-side analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. Bank of America lifted their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a report on Friday, December 27th.

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.