Aigen Investment Management LP Takes Position in MakeMyTrip Limited (NASDAQ:MMYT)

Aigen Investment Management LP bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,513 shares of the technology company's stock, valued at approximately $507,000.

Several other institutional investors have also recently bought and sold shares of MMYT. Steward Partners Investment Advisory LLC grew its position in MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after acquiring an additional 111 shares during the last quarter. Caprock Group LLC grew its holdings in 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 acquiring an additional 224 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in MakeMyTrip by 100.9% during the 3rd 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 last quarter. USA Financial Formulas acquired a new position in MakeMyTrip in the 4th quarter valued at approximately $35,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of MakeMyTrip by 1.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company's stock worth $3,887,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 51.89% of the company's stock.

Analysts Set New Price Targets

MMYT has been the topic of several recent research reports. StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Bank of America upped their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, December 27th.

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MakeMyTrip Trading Up 5.5 %

MMYT stock traded up $4.71 during mid-day trading on Tuesday, reaching $89.66. The company's stock had a trading volume of 1,202,984 shares, compared to its average volume of 713,342. MakeMyTrip Limited has a 12 month low of $59.51 and a 12 month high of $123.00. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The business's 50 day moving average price is $104.94 and its 200 day moving average price is $104.94. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 predict that MakeMyTrip Limited will post 1.27 EPS for the current year.

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.