CreativeOne Wealth LLC Has $1.04 Million Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

CreativeOne Wealth LLC boosted its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 207.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,302 shares of the technology company's stock after buying an additional 6,276 shares during the period. CreativeOne Wealth LLC's holdings in MakeMyTrip were worth $1,044,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of MakeMyTrip by 5.8% during the third quarter. State Street Corp now owns 106,537 shares of the technology company's stock worth $9,903,000 after buying an additional 5,814 shares during the period. Geode Capital Management LLC boosted its position in MakeMyTrip by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company's stock worth $25,397,000 after acquiring an additional 19,471 shares during the period. Virtu Financial LLC lifted its holdings in MakeMyTrip by 338.3% in the third quarter. Virtu Financial LLC now owns 11,593 shares of the technology company's stock worth $1,078,000 after purchasing an additional 8,948 shares during the period. Tidal Investments LLC increased its stake in MakeMyTrip by 5.9% during the 3rd quarter. Tidal Investments LLC now owns 39,981 shares of the technology company's stock valued at $3,716,000 after buying an additional 2,221 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of MakeMyTrip during the 3rd quarter worth about $1,134,000. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Price Performance

Shares of NASDAQ MMYT traded up $2.70 during trading on Tuesday, hitting $103.08. The company had a trading volume of 88,649 shares, compared to its average volume of 716,208. The company has a market cap of $11.32 billion, a P/E ratio of 56.00, a PEG ratio of 6.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The business's 50-day moving average is $97.41 and its 200 day moving average is $104.85. MakeMyTrip Limited has a 52 week low of $60.77 and a 52 week high of $123.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. Equities research analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on MMYT. Bank of America upped their target price on MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, December 27th. StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th.

MakeMyTrip 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.