NewSquare Capital LLC Raises Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

NewSquare Capital LLC grew its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,690 shares of the technology company's stock after purchasing an additional 3,102 shares during the period. NewSquare Capital LLC owned approximately 0.06% of MakeMyTrip worth $7,713,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MMYT. USA Financial Formulas acquired a new position in MakeMyTrip during the fourth quarter worth $35,000. Advisors Asset Management Inc. grew its holdings in MakeMyTrip by 100.9% during the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after acquiring an additional 225 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in MakeMyTrip by 41.4% during the fourth 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. R Squared Ltd acquired a new position in MakeMyTrip during the fourth quarter worth $99,000. Finally, BOCHK Asset Management Ltd grew its holdings in MakeMyTrip by 266.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock worth $124,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Price Performance

MakeMyTrip stock traded up $0.06 during trading hours on Friday, hitting $87.11. The stock had a trading volume of 1,220,351 shares, compared to its average volume of 867,641. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 47.34, a PEG ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a 1-year low of $59.51 and a 1-year high of $123.00. The stock's fifty day moving average is $105.52 and its two-hundred day moving average is $104.91.

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MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share 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, analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About MakeMyTrip

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.