Redhawk Wealth Advisors Inc. Purchases Shares of 10,179 MakeMyTrip Limited (NASDAQ:MMYT)

Redhawk Wealth Advisors Inc. bought a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 10,179 shares of the technology company's stock, valued at approximately $1,143,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Harbour Capital Advisors LLC grew its holdings in MakeMyTrip by 0.9% during the third quarter. Harbour Capital Advisors LLC now owns 20,280 shares of the technology company's stock valued at $2,008,000 after purchasing an additional 175 shares during the period. Caprock Group LLC lifted its position in shares of MakeMyTrip by 6.4% during the 3rd quarter. Caprock Group LLC now owns 3,726 shares of the technology company's stock valued at $346,000 after buying an additional 224 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of MakeMyTrip by 100.9% during the 3rd 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. EverSource Wealth Advisors LLC increased its holdings in MakeMyTrip by 44.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company's stock worth $65,000 after acquiring an additional 236 shares during the last quarter. Finally, Park Place Capital Corp bought a new stake in MakeMyTrip in the 3rd quarter valued at about $25,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Price Performance

MMYT stock traded up $0.19 during mid-day trading on Thursday, reaching $105.29. 356,646 shares of the company traded hands, compared to its average volume of 581,345. The company has a fifty day moving average price of $111.68 and a 200-day moving average price of $101.59. MakeMyTrip Limited has a 52-week low of $46.85 and a 52-week high of $123.00. The company has a market capitalization of $11.56 billion, a P/E ratio of 57.54, a P/E/G ratio of 5.71 and a beta of 1.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.26 by $0.10. The firm had revenue of $210.99 million during the quarter, compared to the consensus estimate of $214.90 million. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. During the same period last year, the firm earned $0.18 EPS. As a group, analysts anticipate that MakeMyTrip Limited will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

MMYT has been the subject of several recent research reports. StockNews.com downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th. Bank of America lifted their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, December 27th.

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.