MakeMyTrip Limited (NASDAQ:MMYT) Stake Lowered by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC cut its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,482 shares of the technology company’s stock after selling 422 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in MakeMyTrip were worth $293,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MMYT. Federated Hermes Inc. bought a new position in MakeMyTrip in the 4th quarter worth approximately $636,000. Russell Investments Group Ltd. grew its holdings in MakeMyTrip by 39.9% in the 4th quarter. Russell Investments Group Ltd. now owns 107,698 shares of the technology company’s stock worth $5,060,000 after buying an additional 30,710 shares in the last quarter. 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 worth $4,445,000 after buying an additional 21,733 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in MakeMyTrip by 10.0% in the 4th quarter. Summit Trail Advisors LLC now owns 22,000 shares of the technology company’s stock worth $1,034,000 after buying an additional 2,000 shares in the last quarter. Finally, Segantii Capital Management Ltd bought a new position in MakeMyTrip in the 4th quarter worth approximately $6,178,000. 51.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup increased their price objective on MakeMyTrip from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Bank of America upped their target price on MakeMyTrip from $100.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th.

MakeMyTrip Price Performance

MMYT traded down $0.80 during trading on Friday, reaching $96.17. The stock had a trading volume of 347,601 shares, compared to its average volume of 742,241. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 57.59, a price-to-earnings-growth ratio of 6.76 and a beta of 1.30. The company has a quick ratio of 2.77, a current ratio of 2.78 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 1-year low of $36.81 and a 1-year high of $101.50. The stock has a 50 day moving average of $90.81 and a two-hundred day moving average of $77.21.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.23. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. The company had revenue of $254.52 million during the quarter, compared to the consensus estimate of $231.85 million. As a group, equities analysts anticipate that MakeMyTrip Limited will post 0.98 EPS for the current fiscal 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.