Bleakley Financial Group LLC Takes $258,000 Position in MakeMyTrip Limited (NASDAQ:MMYT)

Bleakley Financial Group LLC acquired a new stake in MakeMyTrip Limited (NASDAQ:MMYT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,779 shares of the technology company’s stock, valued at approximately $258,000.

Several other institutional investors also recently bought and sold shares of MMYT. Park Place Capital Corp acquired a new position in MakeMyTrip in the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC increased its stake in MakeMyTrip by 163.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock valued at $35,000 after buying an additional 332 shares during the period. Fifth Third Bancorp acquired a new position in MakeMyTrip in the 2nd quarter valued at $59,000. nVerses Capital LLC acquired a new position in MakeMyTrip in the 2nd quarter valued at $143,000. Finally, LRI Investments LLC purchased a new stake in shares of MakeMyTrip in the first quarter valued at approximately $149,000. 51.89% of the stock is owned by institutional investors and hedge funds.

MakeMyTrip Price Performance

MMYT stock opened at $99.15 on Thursday. The company has a current ratio of 2.78, a quick ratio of 2.77 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $98.93 and a 200-day moving average of $86.80. MakeMyTrip Limited has a 12-month low of $36.81 and a 12-month high of $110.49. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 59.37, a PEG ratio of 5.65 and a beta of 1.28.

MakeMyTrip (NASDAQ:MMYT) last posted its earnings results on Tuesday, July 23rd. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.23. MakeMyTrip had a net margin of 26.11% and a return on equity of 11.04%. The firm had revenue of $254.52 million during the quarter, compared to the consensus estimate of $231.85 million. As a group, equities analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MMYT. Citigroup lifted their price target on MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Bank of America lifted their price target on shares of MakeMyTrip from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th.

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.