2,221 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Bought by Atria Investments Inc

Atria Investments Inc bought a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,221 shares of the technology company’s stock, valued at approximately $249,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC lifted its holdings in shares of MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after buying an additional 111 shares during the period. Caprock Group LLC raised its position in MakeMyTrip by 6.4% during the third quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock valued at $346,000 after acquiring an additional 224 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after acquiring an additional 225 shares during the period. USA Financial Formulas purchased a new stake in MakeMyTrip in the 4th quarter worth approximately $35,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of MakeMyTrip by 1.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock worth $3,887,000 after purchasing an additional 400 shares during the period. 51.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MMYT has been the subject of several analyst reports. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Bank of America upped their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, December 27th.

MakeMyTrip Stock Down 0.3 %

Shares of MMYT opened at $95.76 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The firm has a market cap of $10.51 billion, a P/E ratio of 52.04, a PEG ratio of 6.56 and a beta of 1.36. The stock’s 50 day moving average is $102.38 and its two-hundred day moving average is $104.77. MakeMyTrip Limited has a 12 month low of $60.55 and a 12 month high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. Analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

MakeMyTrip Company 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.