Wealth Enhancement Advisory Services LLC Makes New Investment in MakeMyTrip Limited (NASDAQ:MMYT)

Wealth Enhancement Advisory Services LLC acquired a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,081 shares of the technology company’s stock, valued at approximately $234,000.

Other large investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its position in shares of MakeMyTrip by 3.6% during the fourth quarter. Schroder Investment Management Group now owns 4,118,898 shares of the technology company’s stock valued at $462,470,000 after buying an additional 141,507 shares during the period. FMR LLC boosted its position in shares of MakeMyTrip by 4.3% during the fourth quarter. FMR LLC now owns 3,793,574 shares of the technology company’s stock valued at $425,942,000 after buying an additional 158,101 shares during the period. Franklin Resources Inc. boosted its position in shares of MakeMyTrip by 0.9% during the fourth quarter. Franklin Resources Inc. now owns 1,503,980 shares of the technology company’s stock valued at $168,867,000 after buying an additional 13,157 shares during the period. American Century Companies Inc. boosted its position in shares of MakeMyTrip by 17.4% during the fourth quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company’s stock valued at $142,528,000 after buying an additional 188,234 shares during the period. Finally, William Blair Investment Management LLC boosted its position in shares of MakeMyTrip by 3.9% during the fourth quarter. William Blair Investment Management LLC now owns 935,751 shares of the technology company’s stock valued at $105,066,000 after buying an additional 34,919 shares during the period. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Stock Up 2.2%

Shares of NASDAQ MMYT opened at $100.88 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 54.83, a PEG ratio of 6.56 and a beta of 0.88. The stock has a 50 day moving average price of $102.79 and a 200 day moving average price of $104.62. MakeMyTrip Limited has a 52-week low of $76.80 and a 52-week high of $123.00.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. Citigroup boosted their price target on MakeMyTrip from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 15th.

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.