Navellier & Associates Inc. Increases Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Navellier & Associates Inc. grew its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 32.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,840 shares of the technology company’s stock after acquiring an additional 11,305 shares during the period. Navellier & Associates Inc.’s holdings in MakeMyTrip were worth $5,147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in MMYT. Caprock Group LLC lifted its position in shares of MakeMyTrip by 6.4% in the third quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock worth $346,000 after buying an additional 224 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after buying an additional 225 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of MakeMyTrip in the fourth quarter worth about $35,000. Robeco Institutional Asset Management B.V. lifted its position in shares of MakeMyTrip by 1.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock worth $3,887,000 after buying an additional 400 shares in the last quarter. Finally, Csenge Advisory Group increased its stake in MakeMyTrip by 11.3% during the fourth quarter. Csenge Advisory Group now owns 4,159 shares of the technology company’s stock worth $467,000 after acquiring an additional 421 shares during the last quarter. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on MMYT. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Bank of America boosted their price objective on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, December 27th.

MakeMyTrip Trading Down 3.7 %

Shares of NASDAQ MMYT opened at $97.87 on Friday. The stock has a market capitalization of $10.74 billion, a P/E ratio of 53.19, a PEG ratio of 6.56 and a beta of 1.28. The business’s 50 day moving average is $110.24 and its two-hundred day moving average is $104.87. MakeMyTrip Limited has a 1-year low of $56.72 and a 1-year high of $123.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88.

MakeMyTrip (NASDAQ:MMYT) last released its earnings results on Thursday, January 23rd. The technology company reported $0.32 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%. As a group, research analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current 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.