B. Riley Wealth Advisors Inc. Cuts Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

B. Riley Wealth Advisors Inc. decreased its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 31.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,401 shares of the technology company's stock after selling 3,887 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in MakeMyTrip were worth $943,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rheos Capital Works Inc. lifted its holdings in shares of MakeMyTrip by 237.5% during the fourth quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company's stock worth $15,158,000 after purchasing an additional 95,000 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of MakeMyTrip by 100.2% during the fourth quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company's stock worth $11,372,000 after purchasing an additional 50,689 shares during the period. Handelsbanken Fonder AB raised its position in MakeMyTrip by 9.2% during the fourth quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company's stock valued at $5,044,000 after acquiring an additional 3,800 shares in the last quarter. Norges Bank purchased a new position in MakeMyTrip during the fourth quarter valued at approximately $97,833,000. Finally, Prudential PLC raised its position in MakeMyTrip by 70.8% during the fourth quarter. Prudential PLC now owns 10,787 shares of the technology company's stock valued at $1,211,000 after acquiring an additional 4,470 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Citigroup lifted their price target on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.

MakeMyTrip Stock Performance

MMYT stock traded down $0.11 during trading on Friday, hitting $101.90. 332,688 shares of the company traded hands, compared to its average volume of 705,693. The stock's 50-day simple moving average is $101.99 and its 200 day simple moving average is $105.22. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The company has a market cap of $11.19 billion, a PE ratio of 55.38, a P/E/G ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a 1 year low of $72.55 and a 1 year high of $123.00.

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.