NewSquare Capital LLC Purchases 3,102 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

NewSquare Capital LLC grew its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 4.7% in the 4th quarter, HoldingsChannel reports. The firm owned 68,690 shares of the technology company’s stock after acquiring an additional 3,102 shares during the quarter. NewSquare Capital LLC’s holdings in MakeMyTrip were worth $7,713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMYT. USA Financial Formulas purchased a new position in shares of MakeMyTrip during the 4th quarter valued at about $35,000. Advisors Asset Management Inc. boosted its stake in 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. Steward Partners Investment Advisory LLC grew its position in MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after acquiring an additional 111 shares during the last quarter. R Squared Ltd purchased a new position in shares of MakeMyTrip during the fourth quarter worth approximately $99,000. Finally, BOCHK Asset Management Ltd lifted its holdings in shares of MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock worth $124,000 after acquiring an additional 800 shares during the last quarter. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America raised their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, December 27th.

MakeMyTrip Price Performance

Shares of MakeMyTrip stock opened at $93.47 on Wednesday. The stock has a market capitalization of $10.26 billion, a P/E ratio of 50.80, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a one year low of $57.59 and a one 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. The business’s 50 day simple moving average is $107.11 and its two-hundred day simple moving average is $105.21.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Analysts forecast 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.