OneDigital Investment Advisors LLC Has $496,000 Stake in MakeMyTrip Limited (NASDAQ:MMYT)

OneDigital Investment Advisors LLC raised its position in MakeMyTrip Limited (NASDAQ:MMYT) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,419 shares of the technology company’s stock after purchasing an additional 142 shares during the period. OneDigital Investment Advisors LLC’s holdings in MakeMyTrip were worth $496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. USA Financial Formulas acquired a new stake in shares of MakeMyTrip in the 4th quarter valued at about $35,000. Steward Partners Investment Advisory LLC raised its stake in shares of MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after purchasing an additional 111 shares during the period. Signaturefd LLC bought a new position in shares of MakeMyTrip in the 4th quarter valued at about $74,000. R Squared Ltd bought a new position in shares of MakeMyTrip in the 4th quarter valued at about $99,000. Finally, BOCHK Asset Management Ltd grew its holdings in shares of MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock valued at $124,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Trading Up 1.5 %

MakeMyTrip stock opened at $107.64 on Monday. MakeMyTrip Limited has a 52 week low of $65.54 and a 52 week high of $123.00. 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 stock has a market capitalization of $11.82 billion, a P/E ratio of 58.50, a PEG ratio of 6.56 and a beta of 1.00. The stock has a 50-day simple moving average of $97.56 and a 200 day simple moving average of $105.03.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Analysts expect that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a report 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.