12,288 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. acquired a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,288 shares of the technology company’s stock, valued at approximately $1,134,000.

Several other hedge funds and other institutional investors have also modified their holdings of MMYT. Park Place Capital Corp bought a new stake in shares of MakeMyTrip during the third quarter worth $25,000. Advisors Asset Management Inc. raised its stake 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 acquiring an additional 225 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of MakeMyTrip during the second quarter worth approximately $59,000. EverSource Wealth Advisors LLC grew its stake in shares of MakeMyTrip by 44.1% during the second quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company’s stock valued at $65,000 after purchasing an additional 236 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of MakeMyTrip in the second quarter valued at approximately $143,000. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Trading Up 0.6 %

Shares of NASDAQ MMYT opened at $118.01 on Wednesday. MakeMyTrip Limited has a twelve month low of $43.31 and a twelve month high of $123.00. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 64.49, a P/E/G ratio of 6.74 and a beta of 1.27. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average is $107.79 and its 200-day moving average is $97.02.

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

Wall Street Analyst Weigh In

MMYT has been the topic of several research reports. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Bank of America upped their target price on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.

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.