Raymond James Financial Inc. Takes $1.61 Million Position in MakeMyTrip Limited (NASDAQ:MMYT)

Raymond James Financial Inc. bought a new stake 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 and Exchange Commission. The firm bought 14,297 shares of the technology company's stock, valued at approximately $1,605,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. USA Financial Formulas bought a new position in shares of MakeMyTrip during the fourth quarter valued at about $35,000. Steward Partners Investment Advisory LLC boosted its holdings in MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after acquiring an additional 111 shares during the period. R Squared Ltd purchased a new stake in MakeMyTrip during the 4th quarter valued at about $99,000. BOCHK Asset Management Ltd grew its position in MakeMyTrip by 266.7% during the 4th 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 last quarter. Finally, Cable Hill Partners LLC purchased a new position in MakeMyTrip in the 4th quarter worth approximately $225,000. Institutional investors own 51.89% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MMYT. 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 report on Friday, December 27th. StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th.

MakeMyTrip Trading Down 9.3 %

Shares of MMYT stock traded down $8.95 during trading hours on Friday, reaching $87.12. The company's stock had a trading volume of 1,344,095 shares, compared to its average volume of 719,294. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a one year low of $60.55 and a one year high of $123.00. The stock has a market capitalization of $9.56 billion, a P/E ratio of 47.35, a P/E/G ratio of 6.56 and a beta of 1.00. The firm's fifty day simple moving average is $101.07 and its 200 day simple moving average is $105.07.

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 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%. Equities research analysts expect 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.