CoreCap Advisors LLC Purchases New Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

CoreCap Advisors LLC purchased a new stake in MakeMyTrip Limited (NASDAQ:MMYT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,343 shares of the technology company’s stock, valued at approximately $298,000.

Several other hedge funds have also made changes to their positions in MMYT. Belpointe Asset Management LLC lifted its position in MakeMyTrip by 20.8% in the 1st quarter. Belpointe Asset Management LLC now owns 2,416 shares of the technology company’s stock worth $59,000 after buying an additional 416 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in MakeMyTrip by 2.6% in the 4th quarter. Harbour Capital Advisors LLC now owns 17,845 shares of the technology company’s stock worth $824,000 after buying an additional 447 shares in the last quarter. Sei Investments Co. lifted its position in MakeMyTrip by 3.1% in the 2nd quarter. Sei Investments Co. now owns 14,961 shares of the technology company’s stock worth $392,000 after buying an additional 450 shares in the last quarter. Credit Suisse AG raised its holdings in shares of MakeMyTrip by 3.6% during the 3rd quarter. Credit Suisse AG now owns 19,429 shares of the technology company’s stock valued at $596,000 after purchasing an additional 672 shares in the last quarter. Finally, Liontrust Investment Partners LLP raised its holdings in shares of MakeMyTrip by 2.3% during the 3rd quarter. Liontrust Investment Partners LLP now owns 30,509 shares of the technology company’s stock valued at $1,236,000 after purchasing an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

NASDAQ:MMYT opened at $70.60 on Thursday. MakeMyTrip Limited has a 1 year low of $22.50 and a 1 year high of $71.41. The firm’s fifty day simple moving average is $59.01 and its 200 day simple moving average is $48.14. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $7.49 billion, a PE ratio of 153.48 and a beta of 1.22.

MakeMyTrip (NASDAQ:MMYT) last posted its earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. MakeMyTrip had a net margin of 6.93% and a return on equity of 10.13%. The business had revenue of $214.22 million for the quarter, compared to analyst estimates of $210.01 million. On average, sell-side analysts anticipate that MakeMyTrip Limited will post 0.84 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MMYT shares. StockNews.com upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Macquarie downgraded shares of MakeMyTrip from an “outperform” rating to a “neutral” rating and raised their price target for the company from $50.00 to $60.00 in a report on Wednesday, February 21st.

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.