MakeMyTrip Limited (NASDAQ:MMYT) Stock Position Reduced by Calamos Wealth Management LLC

Calamos Wealth Management LLC trimmed its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 38.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,414 shares of the technology company’s stock after selling 9,192 shares during the period. Calamos Wealth Management LLC’s holdings in MakeMyTrip were worth $1,618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rheos Capital Works Inc. boosted its position 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 in the last quarter. Natixis Advisors LLC acquired a new stake in MakeMyTrip during the 3rd quarter worth about $1,219,000. Citigroup Inc. grew its holdings in shares of MakeMyTrip by 154.3% during the third quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock valued at $5,588,000 after buying an additional 36,476 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in MakeMyTrip in the 3rd quarter valued at $1,134,000. Finally, GSA Capital Partners LLP bought a new position in MakeMyTrip in the 3rd quarter worth about $674,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on MMYT. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Bank of America lifted their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, December 27th.

MakeMyTrip Price Performance

NASDAQ MMYT opened at $118.23 on Tuesday. MakeMyTrip Limited has a 52 week low of $54.94 and a 52 week high of $123.00. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 64.26, a price-to-earnings-growth ratio of 7.05 and a beta of 1.29. The company has a 50-day moving average price of $112.15 and a two-hundred day moving average price of $103.27. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19.

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

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.