Catalytic Wealth RIA LLC Trims Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Catalytic Wealth RIA LLC decreased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 11.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,904 shares of the technology company’s stock after selling 495 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in MakeMyTrip were worth $277,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. USA Financial Formulas purchased a new stake in MakeMyTrip in the fourth quarter valued at $50,000. HMS Capital Management LLC purchased a new stake in shares of MakeMyTrip in the 1st quarter valued at $231,000. Oppenheimer & Co. Inc. purchased a new stake in shares of MakeMyTrip in the 1st quarter valued at $283,000. Precision Wealth Strategies LLC purchased a new stake in shares of MakeMyTrip in the 1st quarter valued at $284,000. Finally, Baron Wealth Management LLC purchased a new stake in shares of MakeMyTrip in the 1st quarter valued at $329,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Analysts Set New Price Targets

MMYT has been the topic of several research analyst reports. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Bank of America boosted their price objective on MakeMyTrip from $88.00 to $95.00 and gave the company a “buy” rating in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $66.67.

MakeMyTrip Stock Up 0.7 %

NASDAQ MMYT traded up $0.64 during trading hours on Monday, hitting $89.62. 772,416 shares of the company were exchanged, compared to its average volume of 769,646. The company has a 50 day moving average of $82.42 and a two-hundred day moving average of $68.59. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 52-week low of $28.13 and a 52-week high of $93.29. 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.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. MakeMyTrip had a return on equity of 10.66% and a net margin of 27.70%. The company had revenue of $202.89 million for the quarter, compared to the consensus estimate of $195.15 million. Equities research analysts anticipate that MakeMyTrip Limited will post 0.96 earnings per share 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.