GC Wealth Management RIA LLC Has $367,000 Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

GC Wealth Management RIA LLC lessened its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 6.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,269 shares of the technology company’s stock after selling 219 shares during the quarter. GC Wealth Management RIA LLC’s holdings in MakeMyTrip were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas bought a new stake in shares of MakeMyTrip during the fourth quarter worth approximately $35,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after acquiring an additional 111 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of MakeMyTrip by 100.9% during 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 period. R Squared Ltd bought a new stake in shares of MakeMyTrip during the fourth quarter worth approximately $99,000. Finally, BOCHK Asset Management Ltd boosted its holdings in shares of MakeMyTrip by 266.7% during the fourth 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 period. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Trading Up 5.5 %

Shares of MMYT stock opened at $89.66 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The stock has a market cap of $9.84 billion, a P/E ratio of 48.73, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. The stock has a 50 day simple moving average of $104.49 and a 200 day simple moving average of $104.87. MakeMyTrip Limited has a 1 year low of $60.55 and a 1 year high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. On average, research analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MMYT has been the subject of a number of research analyst reports. Bank of America boosted their price objective on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 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.