XTX Topco Ltd Takes Position in MakeMyTrip Limited (NASDAQ:MMYT)

XTX Topco Ltd acquired a new stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,801 shares of the technology company's stock, valued at approximately $818,000.

A number of other institutional investors have also recently modified their holdings of the stock. Harbour Capital Advisors LLC boosted its position in shares of MakeMyTrip by 0.9% during the 3rd quarter. Harbour Capital Advisors LLC now owns 20,280 shares of the technology company's stock worth $2,008,000 after acquiring an additional 175 shares in the last quarter. Thornburg Investment Management Inc. increased its stake in shares of MakeMyTrip by 0.8% in the 2nd quarter. Thornburg Investment Management Inc. now owns 24,580 shares of the technology company's stock valued at $2,100,000 after purchasing an additional 204 shares during the last quarter. Caprock Group LLC lifted its position in shares of MakeMyTrip by 6.4% during the 3rd quarter. Caprock Group LLC now owns 3,726 shares of the technology company's stock worth $346,000 after buying an additional 224 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock valued at $42,000 after buying an additional 225 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in MakeMyTrip by 44.1% in the second quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company's stock valued at $65,000 after acquiring an additional 236 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Trading Down 2.0 %

Shares of NASDAQ:MMYT traded down $2.43 during midday trading on Thursday, hitting $117.50. 319,528 shares of the stock were exchanged, compared to its average volume of 711,605. The business's 50-day moving average price is $106.03 and its 200 day moving average price is $95.75. MakeMyTrip Limited has a 12 month low of $43.31 and a 12 month high of $123.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 65.54, a P/E/G ratio of 6.77 and a beta of 1.27.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. The firm had revenue of $210.99 million during the quarter, compared to the consensus estimate of $214.90 million. During the same quarter last year, the firm earned $0.18 earnings per share. Analysts predict that MakeMyTrip Limited will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MMYT shares. Bank of America raised their price target on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. StockNews.com cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th.

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.