CreativeOne Wealth LLC Boosts Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

CreativeOne Wealth LLC lifted its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 207.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,302 shares of the technology company’s stock after purchasing an additional 6,276 shares during the period. CreativeOne Wealth LLC’s holdings in MakeMyTrip were worth $1,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMYT. Rheos Capital Works Inc. lifted its holdings in MakeMyTrip by 237.5% during the fourth 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. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MakeMyTrip during the 3rd quarter worth $1,134,000. New York State Common Retirement Fund boosted its position in MakeMyTrip by 100.2% during the fourth quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company’s stock valued at $11,372,000 after purchasing an additional 50,689 shares in the last quarter. Geode Capital Management LLC grew its stake in MakeMyTrip by 7.7% in the third quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company’s stock valued at $25,397,000 after purchasing an additional 19,471 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in MakeMyTrip by 9.2% in the fourth quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company’s stock worth $5,044,000 after purchasing an additional 3,800 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MMYT shares. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Bank of America increased 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 Trading Down 0.8 %

Shares of MakeMyTrip stock opened at $101.89 on Thursday. The firm’s 50 day simple moving average is $97.69 and its two-hundred day simple moving average is $104.46. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 55.38, a PEG ratio of 6.56 and a beta of 1.00. MakeMyTrip Limited has a 12-month low of $60.55 and a 12-month high of $123.00. 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 (NASDAQ:MMYT) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Analysts predict 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.