Catalytic Wealth RIA LLC lessened its position in MakeMyTrip Limited (NASDAQ:MMYT – Free Report) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,904 shares of the technology company’s stock after selling 495 shares during the period. Catalytic Wealth RIA LLC’s holdings in MakeMyTrip were worth $277,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. USA Financial Formulas acquired a new position in MakeMyTrip during the fourth quarter worth $50,000. HMS Capital Management LLC acquired a new position in MakeMyTrip during the first quarter worth $231,000. Oppenheimer & Co. Inc. acquired a new position in MakeMyTrip during the first quarter worth $283,000. Precision Wealth Strategies LLC acquired a new position in MakeMyTrip during the first quarter worth $284,000. Finally, CoreCap Advisors LLC acquired a new position in MakeMyTrip during the fourth quarter worth $298,000. Institutional investors and hedge funds own 51.89% of the company’s stock.
MakeMyTrip Stock Performance
Shares of MMYT traded up $0.64 during trading hours on Monday, hitting $89.62. The company had a trading volume of 772,416 shares, compared to its average volume of 769,646. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 53.60, a PEG ratio of 7.04 and a beta of 1.30. The business has a fifty day moving average of $82.42 and a 200-day moving average of $68.59. MakeMyTrip Limited has a 12 month low of $28.13 and a 12 month high of $93.29. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19.
Analysts Set New Price Targets
Several research analysts recently commented on MMYT shares. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Bank of America increased their price target on shares of MakeMyTrip from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, MakeMyTrip currently has a consensus rating of “Hold” and an average target price of $66.67.
Check Out Our Latest Analysis on MMYT
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.
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