Rakuten Securities Inc. lowered its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 77.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 907 shares of the technology company's stock after selling 3,175 shares during the quarter. Rakuten Securities Inc.'s holdings in MakeMyTrip were worth $102,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MMYT. Jupiter Asset Management Ltd. acquired a new stake in shares of MakeMyTrip in the fourth quarter valued at about $8,871,000. HighTower Advisors LLC increased its stake in MakeMyTrip by 57.8% during the 4th quarter. HighTower Advisors LLC now owns 72,186 shares of the technology company's stock worth $8,105,000 after buying an additional 26,431 shares in the last quarter. Haven Private LLC acquired a new position in shares of MakeMyTrip during the fourth quarter valued at approximately $953,000. E Fund Management Co. Ltd. purchased a new position in shares of MakeMyTrip in the fourth quarter valued at approximately $353,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of MakeMyTrip in the fourth quarter worth approximately $1,605,000. Hedge funds and other institutional investors own 51.89% of the company's stock.
MakeMyTrip Trading Up 1.8 %
Shares of MakeMyTrip stock traded up $1.64 during mid-day trading on Friday, hitting $94.02. The stock had a trading volume of 766,936 shares, compared to its average volume of 715,157. The firm has a 50-day moving average of $103.17 and a two-hundred day moving average of $104.72. The firm has a market cap of $10.32 billion, a P/E ratio of 51.10, a price-to-earnings-growth 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 12-month low of $60.55 and a 12-month high of $123.00.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.46% and a net margin of 25.42%. Sell-side analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on MMYT. StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Bank of America raised 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.
Check Out Our Latest Stock Report on MakeMyTrip
MakeMyTrip Profile
(
Free Report)
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.
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