HighTower Advisors LLC Has $8.11 Million Stake in MakeMyTrip Limited (NASDAQ:MMYT)

HighTower Advisors LLC lifted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 57.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,186 shares of the technology company’s stock after buying an additional 26,431 shares during the quarter. HighTower Advisors LLC’s holdings in MakeMyTrip were worth $8,105,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MMYT. Jennison Associates LLC grew its position in shares of MakeMyTrip by 282.4% during the 3rd quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock worth $215,325,000 after buying an additional 1,710,773 shares during the period. FMR LLC grew its holdings in MakeMyTrip by 51.2% during the third quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock valued at $337,917,000 after purchasing an additional 1,230,916 shares during the period. Wasatch Advisors LP acquired a new position in MakeMyTrip during the third quarter valued at approximately $44,521,000. Bank of New York Mellon Corp grew its holdings in MakeMyTrip by 939.1% during the fourth quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company’s stock valued at $36,959,000 after purchasing an additional 297,493 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in MakeMyTrip by 20.6% during the third quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock valued at $58,750,000 after purchasing an additional 107,814 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analysts Set New Price Targets

MMYT has been the subject of a number of analyst reports. Bank of America boosted their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

MakeMyTrip Stock Up 2.1 %

MakeMyTrip stock opened at $96.03 on Tuesday. The stock has a market capitalization of $10.54 billion, a PE ratio of 52.19, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a twelve month low of $60.55 and a twelve month high of $123.00. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $102.73 and a 200-day moving average of $104.78.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. On average, equities research analysts anticipate that MakeMyTrip Limited will post 1.27 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.