40,000 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Bought by Rheos Capital Works Inc.

Rheos Capital Works Inc. acquired a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,000 shares of the technology company’s stock, valued at approximately $3,718,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Park Place Capital Corp acquired a new position in shares of MakeMyTrip during the 3rd quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its position in shares of MakeMyTrip by 163.5% in the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock valued at $35,000 after acquiring an additional 332 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of MakeMyTrip in the second quarter valued at approximately $59,000. nVerses Capital LLC acquired a new stake in shares of MakeMyTrip in the second quarter worth approximately $143,000. Finally, LRI Investments LLC purchased a new stake in shares of MakeMyTrip during the first quarter worth approximately $149,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MMYT has been the topic of several recent research reports. Citigroup lifted their target price on shares of MakeMyTrip from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Bank of America upped their price objective on shares of MakeMyTrip from $100.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Finally, StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th.

MakeMyTrip Stock Down 0.5 %

Shares of MMYT opened at $104.13 on Thursday. The stock has a fifty day simple moving average of $98.12 and a two-hundred day simple moving average of $85.76. The company has a quick ratio of 2.77, a current ratio of 2.78 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $11.43 billion, a PE ratio of 62.35, a price-to-earnings-growth ratio of 5.65 and a beta of 1.28. MakeMyTrip Limited has a 52-week low of $36.81 and a 52-week high of $110.49.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Tuesday, July 23rd. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.23. MakeMyTrip had a net margin of 26.11% and a return on equity of 11.04%. The company had revenue of $254.52 million for the quarter, compared to the consensus estimate of $231.85 million. As a group, equities analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current year.

About MakeMyTrip

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.