Csenge Advisory Group Raises Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

Csenge Advisory Group grew its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 11.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,159 shares of the technology company’s stock after purchasing an additional 421 shares during the quarter. Csenge Advisory Group’s holdings in MakeMyTrip were worth $467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rheos Capital Works Inc. raised its stake in MakeMyTrip by 237.5% in the fourth quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company’s stock worth $15,158,000 after buying an additional 95,000 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of MakeMyTrip during the 3rd quarter worth approximately $1,219,000. Citigroup Inc. grew its holdings in shares of MakeMyTrip by 154.3% during the 3rd quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock worth $5,588,000 after acquiring an additional 36,476 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of MakeMyTrip in the 3rd quarter worth approximately $1,134,000. Finally, GSA Capital Partners LLP purchased a new position in shares of MakeMyTrip in the 3rd quarter valued at approximately $674,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America upped their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, December 27th.

MakeMyTrip Trading Down 1.9 %

MakeMyTrip stock opened at $101.60 on Wednesday. MakeMyTrip Limited has a 12 month low of $55.60 and a 12 month high of $123.00. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 55.22, a price-to-earnings-growth ratio of 7.53 and a beta of 1.28. The business’s fifty day simple moving average is $111.19 and its two-hundred day simple moving average is $104.78. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT) last issued its 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 return on equity of 11.46% and a net margin of 25.42%. As a group, equities analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

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.