15,592 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Acquired by Raymond James & Associates

Raymond James & Associates bought a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,592 shares of the technology company’s stock, valued at approximately $733,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise grew its position in shares of MakeMyTrip by 449.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,398 shares of the technology company’s stock valued at $138,000 after acquiring an additional 2,780 shares during the period. NewEdge Wealth LLC bought a new stake in MakeMyTrip during the third quarter valued at about $288,000. Vestmark Advisory Solutions Inc. purchased a new stake in MakeMyTrip in the third quarter worth about $288,000. Clough Capital Partners L P purchased a new stake in MakeMyTrip in the third quarter worth about $290,000. Finally, CoreCap Advisors LLC bought a new position in shares of MakeMyTrip in the fourth quarter worth about $298,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MMYT shares. StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Macquarie cut shares of MakeMyTrip from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $50.00 to $60.00 in a research note on Wednesday, February 21st.

MakeMyTrip Price Performance

NASDAQ:MMYT opened at $65.20 on Wednesday. The business’s 50-day simple moving average is $64.37 and its two-hundred day simple moving average is $52.05. MakeMyTrip Limited has a 52 week low of $22.50 and a 52 week high of $77.30. The stock has a market cap of $6.92 billion, a PE ratio of 141.74 and a beta of 1.23. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.02.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. MakeMyTrip had a return on equity of 10.13% and a net margin of 6.93%. The company had revenue of $214.22 million for the quarter, compared to the consensus estimate of $210.01 million. As a group, analysts forecast that MakeMyTrip Limited will post 0.84 EPS 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.