260,453 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Bought by APG Asset Management N.V.

APG Asset Management N.V. bought a new position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 260,453 shares of the technology company's stock, valued at approximately $28,241,000. APG Asset Management N.V. owned 0.24% of MakeMyTrip at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MMYT. Norges Bank purchased a new stake in MakeMyTrip in the fourth quarter worth about $97,833,000. GQG Partners LLC purchased a new stake in shares of MakeMyTrip in the 4th quarter worth approximately $60,465,000. Martin Currie Ltd. bought a new position in shares of MakeMyTrip during the fourth quarter valued at approximately $45,966,000. Bank of New York Mellon Corp boosted its stake in shares of 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 purchasing an additional 297,493 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in MakeMyTrip by 17.4% during the fourth quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock valued at $142,528,000 after buying an additional 188,234 shares during the period. Institutional investors own 51.89% of the company's stock.

MakeMyTrip Stock Down 0.9 %

Shares of MakeMyTrip stock traded down $0.88 during trading on Monday, reaching $97.00. The company's stock had a trading volume of 96,060 shares, compared to its average volume of 719,138. MakeMyTrip Limited has a 1-year low of $60.55 and a 1-year high of $123.00. The company has a 50-day simple moving average of $98.64 and a two-hundred day simple moving average of $104.47. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 52.72, a P/E/G ratio of 6.56 and a beta of 1.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. As a group, equities analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

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

MakeMyTrip Company 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.