MakeMyTrip Limited (NASDAQ:MMYT) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 44.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 771 shares of the technology company’s stock after acquiring an additional 236 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in MakeMyTrip were worth $65,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. TD Asset Management Inc raised its holdings in MakeMyTrip by 378.0% in the fourth quarter. TD Asset Management Inc now owns 49,835 shares of the technology company’s stock valued at $2,341,000 after buying an additional 39,409 shares during the period. Allianz Asset Management GmbH boosted its position in MakeMyTrip by 41.7% during the 4th quarter. Allianz Asset Management GmbH now owns 268,015 shares of the technology company’s stock worth $12,591,000 after purchasing an additional 78,850 shares during the period. Catalytic Wealth RIA LLC acquired a new stake in MakeMyTrip in the 4th quarter valued at $207,000. The Manufacturers Life Insurance Company raised its position in MakeMyTrip by 49.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 698,156 shares of the technology company’s stock valued at $32,799,000 after purchasing an additional 230,995 shares during the period. Finally, Epoch Investment Partners Inc. acquired a new position in shares of MakeMyTrip during the fourth quarter worth about $2,017,000. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Stock Performance

Shares of MMYT opened at $94.96 on Friday. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 57.26, a PEG ratio of 5.88 and a beta of 1.28. The company has a quick ratio of 2.77, a current ratio of 2.78 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $96.10 and its two-hundred day moving average is $82.65. MakeMyTrip Limited has a 52-week low of $36.81 and a 52-week high of $110.49.

MakeMyTrip (NASDAQ:MMYT) last posted 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. The firm had revenue of $254.52 million for the quarter, compared to the consensus estimate of $231.85 million. MakeMyTrip had a net margin of 26.11% and a return on equity of 11.04%. Analysts forecast that MakeMyTrip Limited will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on MMYT. StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Bank of America raised their price target on shares of MakeMyTrip from $100.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, Citigroup boosted their price objective on shares of MakeMyTrip from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th.

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.