Calamos Wealth Management LLC Sells 9,192 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Calamos Wealth Management LLC reduced its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 38.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,414 shares of the technology company’s stock after selling 9,192 shares during the quarter. Calamos Wealth Management LLC’s holdings in MakeMyTrip were worth $1,618,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rheos Capital Works Inc. boosted its stake 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 valued at $15,158,000 after purchasing an additional 95,000 shares during the period. Swedbank AB acquired a new position in MakeMyTrip in the fourth quarter valued at approximately $3,930,000. BOCHK Asset Management Ltd increased its position in shares of MakeMyTrip by 266.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock worth $124,000 after acquiring an additional 800 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of MakeMyTrip by 1.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock worth $3,887,000 after purchasing an additional 400 shares during the last quarter. Finally, R Squared Ltd purchased a new position in MakeMyTrip in the fourth quarter worth $99,000. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Up 8.2 %

Shares of NASDAQ:MMYT opened at $118.23 on Tuesday. 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 debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The company has a market capitalization of $12.98 billion, a PE ratio of 64.26, a PEG ratio of 7.05 and a beta of 1.29. MakeMyTrip Limited has a 52 week low of $54.94 and a 52 week high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results 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 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America upped their price target on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research 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.