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

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

Other institutional investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC purchased a new position in MakeMyTrip in the 3rd quarter worth approximately $258,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of MakeMyTrip during the 3rd quarter worth $338,000. U S Global Investors Inc. grew its position in MakeMyTrip by 7.2% in the third quarter. U S Global Investors Inc. now owns 105,335 shares of the technology company’s stock worth $9,791,000 after acquiring an additional 7,114 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in MakeMyTrip by 44.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,062 shares of the technology company’s stock valued at $23,708,000 after acquiring an additional 78,745 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in MakeMyTrip by 17.8% during the third quarter. Van ECK Associates Corp now owns 16,677 shares of the technology company’s stock valued at $1,653,000 after purchasing an additional 2,514 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

MakeMyTrip Stock Performance

NASDAQ MMYT opened at $101.60 on Wednesday. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 55.22, a PEG ratio of 7.53 and a beta of 1.28. The company has a 50-day simple moving average of $111.19 and a two-hundred day simple moving average of $104.78. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 12-month low of $55.60 and a 12-month high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly 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%. On average, equities analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current year.

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.