MakeMyTrip Limited (NASDAQ:MMYT) Shares Acquired by MayTech Global Investments LLC

MayTech Global Investments LLC lifted its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 13.5% in the third quarter, HoldingsChannel reports. The firm owned 278,442 shares of the technology company’s stock after buying an additional 33,118 shares during the quarter. MakeMyTrip makes up approximately 3.4% of MayTech Global Investments LLC’s holdings, making the stock its 14th biggest holding. MayTech Global Investments LLC’s holdings in MakeMyTrip were worth $25,881,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of MakeMyTrip by 48.0% in the third quarter. BNP Paribas Financial Markets now owns 2,783 shares of the technology company’s stock worth $259,000 after acquiring an additional 903 shares in the last quarter. FMR LLC grew its stake in MakeMyTrip by 51.2% during the 3rd quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock worth $337,917,000 after purchasing an additional 1,230,916 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in MakeMyTrip by 20.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock worth $58,750,000 after purchasing an additional 107,814 shares in the last quarter. Citigroup Inc. increased its holdings in MakeMyTrip by 154.3% during the 3rd quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock worth $5,588,000 after purchasing an additional 36,476 shares during the period. Finally, Advisors Asset Management Inc. raised its position in MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after purchasing an additional 225 shares in the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MMYT. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Bank of America increased their price objective on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.

MakeMyTrip Trading Down 0.1 %

MMYT opened at $114.11 on Thursday. The business’s 50-day simple moving average is $102.75 and its 200-day simple moving average is $93.28. The company has a market cap of $12.53 billion, a P/E ratio of 62.36, a PEG ratio of 6.18 and a beta of 1.27. MakeMyTrip Limited has a one year low of $41.56 and a one year high of $114.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. The company had revenue of $210.99 million for the quarter, compared to analysts’ expectations of $214.90 million. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. During the same quarter last year, the company earned $0.18 earnings per share. As a group, equities research analysts expect that MakeMyTrip Limited will post 1.29 EPS for the current fiscal 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.