MakeMyTrip Limited (NASDAQ:MMYT) Shares Acquired by Caprock Group LLC

Caprock Group LLC increased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,726 shares of the technology company’s stock after acquiring an additional 224 shares during the period. Caprock Group LLC’s holdings in MakeMyTrip were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors 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 approximately $25,000. EverSource Wealth Advisors LLC grew its position in MakeMyTrip by 163.5% during the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock valued at $35,000 after buying an additional 332 shares during the period. Fifth Third Bancorp purchased a new position in MakeMyTrip in the second quarter valued at $59,000. nVerses Capital LLC purchased a new position in MakeMyTrip in the second quarter valued at $143,000. Finally, LRI Investments LLC acquired a new position in shares of MakeMyTrip in the first quarter worth about $149,000. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MMYT. Bank of America lifted their price target on MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday.

MakeMyTrip Trading Down 0.9 %

MMYT stock opened at $108.73 on Friday. MakeMyTrip Limited has a 12-month low of $41.56 and a 12-month high of $113.61. The business’s 50-day moving average is $102.25 and its 200 day moving average is $92.32. The company has a current ratio of 2.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.19. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 59.42, a PEG ratio of 6.16 and a beta of 1.27.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. The firm had revenue of $210.99 million for the quarter, compared to analyst estimates of $214.90 million. During the same period in the previous year, the company posted $0.18 earnings per share. On average, sell-side analysts anticipate that MakeMyTrip Limited will post 1.29 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.