Sava Infond d.o.o. bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,200 shares of the technology company's stock, valued at approximately $1,482,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC purchased a new position in MakeMyTrip during the 3rd quarter worth approximately $1,219,000. Advisors Asset Management Inc. increased its stake in shares of MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after acquiring an additional 225 shares during the period. Citigroup Inc. raised its holdings in shares of MakeMyTrip by 154.3% during the third 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 last quarter. The Manufacturers Life Insurance Company lifted its position 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. Finally, 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 during the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.
MakeMyTrip Stock Performance
MMYT traded down $5.06 on Monday, reaching $98.46. The stock had a trading volume of 268,012 shares, compared to its average volume of 715,105. The business's 50-day moving average price is $102.00 and its two-hundred day moving average price is $105.32. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 12-month low of $60.55 and a 12-month high of $123.00. The company has a market cap of $10.81 billion, a P/E ratio of 53.60, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Sell-side analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current year.
Wall Street Analysts Forecast Growth
MMYT has been the subject of a number of recent research reports. StockNews.com lowered MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. Bank of America boosted their price target on MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a report on Friday, December 27th.
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About MakeMyTrip
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Free Report)
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.
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