Cable Hill Partners LLC Makes New $225,000 Investment in MakeMyTrip Limited (NASDAQ:MMYT)

Cable Hill Partners LLC purchased a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,004 shares of the technology company’s stock, valued at approximately $225,000.

Other large investors have also modified their holdings of the company. USA Financial Formulas purchased a new position in shares of MakeMyTrip during the 4th quarter worth about $35,000. Advisors Asset Management Inc. lifted its holdings in shares of MakeMyTrip by 100.9% during the 3rd 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 purchased a new position in shares of MakeMyTrip during the 4th quarter worth about $99,000. BOCHK Asset Management Ltd lifted its holdings in shares of MakeMyTrip by 266.7% during the 4th 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. Finally, D Orazio & Associates Inc. purchased a new position in shares of MakeMyTrip during the 3rd quarter worth about $210,000. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Trading Down 0.3 %

NASDAQ MMYT opened at $93.07 on Friday. MakeMyTrip Limited has a one year low of $56.90 and a one year high of $123.00. The company’s 50 day moving average price is $108.24 and its 200 day moving average price is $105.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 50.58, a PEG ratio of 6.56 and a beta of 1.29.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 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, sell-side analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

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.