3,993 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Acquired by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC bought a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the first quarter, Holdings Channel.com reports. The fund bought 3,993 shares of the technology company’s stock, valued at approximately $284,000.

Other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC grew its holdings in MakeMyTrip by 29.8% in the 4th quarter. Fisher Asset Management LLC now owns 94,606 shares of the technology company’s stock valued at $4,445,000 after buying an additional 21,733 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of MakeMyTrip in the fourth quarter valued at about $627,000. Axiom Investors LLC DE grew its stake in MakeMyTrip by 34.1% during the fourth quarter. Axiom Investors LLC DE now owns 340,048 shares of the technology company’s stock worth $15,975,000 after purchasing an additional 86,558 shares during the period. Raymond James & Associates acquired a new stake in MakeMyTrip during the fourth quarter worth approximately $733,000. Finally, Segantii Capital Management Ltd acquired a new stake in MakeMyTrip during the fourth quarter worth approximately $6,178,000. 51.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Friday, May 24th.

MakeMyTrip Stock Down 3.2 %

Shares of MMYT stock traded down $2.83 during trading hours on Friday, reaching $85.95. The company had a trading volume of 796,204 shares, compared to its average volume of 525,236. MakeMyTrip Limited has a 12 month low of $25.75 and a 12 month high of $89.83. 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 has a fifty day simple moving average of $79.04 and a 200-day simple moving average of $65.38. The company has a market cap of $9.12 billion, a price-to-earnings ratio of 51.47, a price-to-earnings-growth ratio of 5.85 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 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $202.89 million for the quarter, compared to analyst estimates of $195.15 million. MakeMyTrip had a return on equity of 10.66% and a net margin of 27.70%. On average, research analysts expect that MakeMyTrip Limited will post 1.31 earnings per share for the current fiscal year.

MakeMyTrip 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.