BIT Capital GmbH Purchases Shares of 8,591 MakeMyTrip Limited (NASDAQ:MMYT)

BIT Capital GmbH acquired a new position in MakeMyTrip Limited (NASDAQ:MMYT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,591 shares of the technology company’s stock, valued at approximately $965,000.

Several other institutional investors have also recently made changes to their positions in MMYT. USA Financial Formulas purchased a new stake in MakeMyTrip during the fourth quarter valued at approximately $35,000. Advisors Asset Management Inc. boosted its stake 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 last quarter. Steward Partners Investment Advisory LLC grew its position in shares of MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after acquiring an additional 111 shares during the period. Signaturefd LLC purchased a new stake in shares of MakeMyTrip in the 4th quarter worth $74,000. Finally, R Squared Ltd bought a new position in MakeMyTrip in the 4th quarter worth $99,000. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Trading Down 1.3 %

Shares of MakeMyTrip stock opened at $106.62 on Thursday. MakeMyTrip Limited has a fifty-two week low of $60.55 and a fifty-two week high of $123.00. 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 company has a market capitalization of $11.70 billion, a P/E ratio of 57.95, a P/E/G ratio of 6.56 and a beta of 1.36. The company has a fifty day moving average of $102.05 and a 200 day moving average of $105.13.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. On average, sell-side analysts anticipate that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

MMYT has been the subject of several recent research reports. Bank of America boosted their price target on MakeMyTrip from $119.00 to $130.00 and gave the company 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.