American Century Companies Inc. Increases Position in MakeMyTrip Limited (NASDAQ:MMYT)

American Century Companies Inc. raised its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 17.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,269,394 shares of the technology company's stock after acquiring an additional 188,234 shares during the period. American Century Companies Inc. owned approximately 1.16% of MakeMyTrip worth $142,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. FMR LLC lifted its stake in shares of MakeMyTrip by 51.2% in the 3rd 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. Wasatch Advisors LP purchased a new position in MakeMyTrip during the third quarter worth $44,521,000. Bank of New York Mellon Corp increased its position 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 acquiring an additional 297,493 shares during the last quarter. The Manufacturers Life Insurance Company increased 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 acquiring an additional 107,814 shares during the last quarter. Finally, SeaTown Holdings Pte. Ltd. bought a new stake in shares of MakeMyTrip in the 4th quarter worth about $11,258,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on MMYT shares. StockNews.com lowered MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Bank of America raised their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, December 27th.

MakeMyTrip Trading Down 0.7 %

NASDAQ:MMYT traded down $0.70 during midday trading on Thursday, hitting $105.92. The stock had a trading volume of 737,436 shares, compared to its average volume of 711,541. The stock has a 50-day moving average of $102.05 and a 200 day moving average of $105.13. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 57.57, a PEG ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a one year low of $60.55 and a one year 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.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its quarterly earnings results 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%. As a group, sell-side analysts forecast 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.