R Squared Ltd Takes Position in MakeMyTrip Limited (NASDAQ:MMYT)

R Squared Ltd purchased a new position in MakeMyTrip Limited (NASDAQ:MMYT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 880 shares of the technology company’s stock, valued at approximately $99,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Park Place Capital Corp purchased a new position in MakeMyTrip in the third quarter valued at about $25,000. USA Financial Formulas bought a new stake in shares of MakeMyTrip in the 4th quarter worth approximately $35,000. Advisors Asset Management Inc. lifted its stake in 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 purchasing an additional 225 shares during the last quarter. D Orazio & Associates Inc. bought a new position in MakeMyTrip during the third quarter valued at $210,000. Finally, Ground Swell Capital LLC purchased a new stake in MakeMyTrip in the third quarter worth $232,000. Institutional investors own 51.89% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Bank of America increased their target price 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.

MakeMyTrip Price Performance

Shares of NASDAQ MMYT opened at $111.25 on Friday. The stock has a fifty day moving average of $112.10 and a 200-day moving average of $102.83. The stock has a market cap of $12.21 billion, a PE ratio of 60.79, a price-to-earnings-growth ratio of 5.55 and a beta of 1.29. 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 Limited has a fifty-two week low of $53.51 and a fifty-two week high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. Equities research analysts anticipate that MakeMyTrip Limited will post 1.29 earnings per share 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.