MakeMyTrip Limited (NASDAQ:MMYT) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group raised its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,118,898 shares of the technology company’s stock after acquiring an additional 141,507 shares during the quarter. Schroder Investment Management Group owned approximately 3.75% of MakeMyTrip worth $462,470,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in MMYT. FMR LLC boosted its holdings in MakeMyTrip by 51.2% in 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 in the last quarter. American Century Companies Inc. lifted its position in shares of MakeMyTrip by 17.4% during the 4th quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company’s stock worth $142,528,000 after buying an additional 188,234 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of MakeMyTrip by 3.9% in the 4th quarter. William Blair Investment Management LLC now owns 935,751 shares of the technology company’s stock valued at $105,066,000 after buying an additional 34,919 shares in the last quarter. Norges Bank acquired a new stake in MakeMyTrip during the 4th quarter worth $97,833,000. Finally, GQG Partners LLC purchased a new stake in MakeMyTrip in the fourth quarter valued at $60,465,000. 51.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

MakeMyTrip Trading Down 2.3 %

NASDAQ MMYT opened at $103.51 on Friday. MakeMyTrip Limited has a one year low of $60.55 and a one year high of $123.00. The firm has a market cap of $11.36 billion, a PE ratio of 56.26, a P/E/G ratio of 6.56 and a beta of 1.36. The firm’s fifty day moving average is $102.00 and its two-hundred day moving average is $105.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 EPS 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%. Analysts expect that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

MakeMyTrip Company 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.