Baron Wealth Management LLC Has $408,000 Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

Baron Wealth Management LLC reduced its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 17.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,389 shares of the technology company’s stock after selling 930 shares during the period. Baron Wealth Management LLC’s holdings in MakeMyTrip were worth $408,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Park Place Capital Corp acquired a new stake in shares of MakeMyTrip in the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of MakeMyTrip by 163.5% in the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock valued at $35,000 after purchasing an additional 332 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of MakeMyTrip in the second quarter valued at approximately $59,000. nVerses Capital LLC acquired a new stake in shares of MakeMyTrip in the second quarter valued at approximately $143,000. Finally, LRI Investments LLC acquired a new stake in shares of MakeMyTrip in the first quarter valued at approximately $149,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Trading Up 2.9 %

MMYT stock opened at $100.32 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. The company has a fifty day moving average price of $101.51 and a two-hundred day moving average price of $91.43. MakeMyTrip Limited has a one year low of $41.56 and a one year high of $113.61. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 54.82, a price-to-earnings-growth ratio of 5.48 and a beta of 1.27.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. The firm had revenue of $210.99 million during the quarter, compared to analysts’ expectations of $214.90 million. During the same period in the previous year, the business posted $0.18 earnings per share. Equities analysts anticipate that MakeMyTrip Limited will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

MMYT has been the topic of a number of recent research reports. Citigroup lifted their price objective on shares of MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Bank of America raised their target price on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th.

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.