American Century Companies Inc. Has $142.53 Million Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

American Century Companies Inc. increased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 about 1.16% of MakeMyTrip worth $142,528,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MMYT. USA Financial Formulas acquired a new stake in shares of MakeMyTrip in the 4th quarter valued at about $35,000. Steward Partners Investment Advisory LLC raised its position in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after buying an additional 111 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock valued at $42,000 after acquiring an additional 225 shares in the last quarter. Signaturefd LLC acquired a new position in MakeMyTrip during the 4th quarter worth approximately $74,000. Finally, R Squared Ltd bought a new position in shares of MakeMyTrip during the 4th quarter worth approximately $99,000. 51.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

MMYT has been the subject of a number of analyst reports. StockNews.com downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Bank of America increased their price target on MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, December 27th.

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MakeMyTrip Stock Performance

NASDAQ MMYT traded up $1.30 during trading on Tuesday, reaching $108.32. 407,988 shares of the company's stock were exchanged, compared to its average volume of 709,359. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The business has a 50 day moving average price of $101.92 and a 200-day moving average price of $105.02. The stock has a market capitalization of $11.89 billion, a P/E ratio of 58.80, a PEG ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a fifty-two week low of $60.55 and a fifty-two week high of $123.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released 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%. Sell-side analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

MakeMyTrip 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.