Blue Trust Inc. Buys 662 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Blue Trust Inc. raised its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,064 shares of the technology company’s stock after acquiring an additional 662 shares during the period. Blue Trust Inc.’s holdings in MakeMyTrip were worth $1,691,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Park Place Capital Corp acquired a new stake in shares of MakeMyTrip during the 3rd quarter worth about $25,000. USA Financial Formulas acquired a new stake in shares of MakeMyTrip during the fourth quarter worth approximately $35,000. Advisors Asset Management Inc. raised its stake in shares of MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after acquiring an additional 225 shares during the last quarter. D Orazio & Associates Inc. acquired a new position in shares of MakeMyTrip in the 3rd quarter worth approximately $210,000. Finally, Ground Swell Capital LLC bought a new stake in MakeMyTrip during the 3rd quarter worth approximately $232,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Stock Down 4.6 %

NASDAQ:MMYT opened at $104.06 on Tuesday. The stock’s fifty day moving average price is $111.92 and its two-hundred day moving average price is $102.54. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 56.86, a P/E/G ratio of 5.55 and a beta of 1.29. MakeMyTrip Limited has a 52-week low of $49.97 and a 52-week high of $123.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82.

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 net margin of 26.64% and a return on equity of 11.54%. On average, analysts anticipate that MakeMyTrip Limited will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday. Bank of America upped their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, December 27th.

About MakeMyTrip

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.