MakeMyTrip Limited (NASDAQ:MMYT) Shares Acquired by IFP Advisors Inc

IFP Advisors Inc boosted its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,833 shares of the technology company’s stock after purchasing an additional 509 shares during the quarter. IFP Advisors Inc’s holdings in MakeMyTrip were worth $1,104,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new position in shares of MakeMyTrip in the 4th quarter worth about $35,000. Advisors Asset Management Inc. raised its stake in MakeMyTrip by 100.9% during the third 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. R Squared Ltd bought a new position in MakeMyTrip in the fourth quarter worth about $99,000. BOCHK Asset Management Ltd boosted its stake in MakeMyTrip by 266.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock valued at $124,000 after acquiring an additional 800 shares during the period. Finally, D Orazio & Associates Inc. acquired a new position in MakeMyTrip in the third quarter valued at approximately $210,000. Institutional investors own 51.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Bank of America increased their price target on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, December 27th. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

MakeMyTrip Price Performance

NASDAQ MMYT opened at $93.07 on Friday. The company has a 50-day moving average price of $108.24 and a two-hundred day moving average price of $105.06. MakeMyTrip Limited has a 52 week low of $56.90 and a 52 week high of $123.00. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 50.58, a price-to-earnings-growth ratio of 6.56 and a beta of 1.29. 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 data 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 return on equity of 11.46% and a net margin of 25.42%. Analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current year.

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.