8,365 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,365 shares of the technology company's stock, valued at approximately $939,000.

Several other institutional investors also recently modified their holdings of MMYT. American Century Companies Inc. grew its stake in shares of MakeMyTrip by 17.4% in the fourth quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock worth $142,528,000 after acquiring an additional 188,234 shares during the last quarter. William Blair Investment Management LLC grew its position in MakeMyTrip by 3.9% during the 4th quarter. William Blair Investment Management LLC now owns 935,751 shares of the technology company's stock valued at $105,066,000 after purchasing an additional 34,919 shares during the last quarter. Norges Bank bought a new stake in MakeMyTrip during the 4th quarter valued at about $97,833,000. GQG Partners LLC purchased a new position in MakeMyTrip in the fourth quarter worth about $60,465,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of MakeMyTrip by 939.1% in the fourth quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company's stock worth $36,959,000 after buying an additional 297,493 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America boosted their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, December 27th. StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th.

MakeMyTrip Stock Performance

MMYT traded up $0.59 during mid-day trading on Thursday, reaching $102.48. 121,218 shares of the company traded hands, compared to its average volume of 718,005. The company's fifty day moving average price is $97.69 and its 200-day moving average price is $104.46. The stock has a market capitalization of $11.25 billion, a P/E ratio of 55.92, a P/E/G ratio of 6.56 and a beta of 1.00. 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 Limited has a 52-week low of $60.55 and a 52-week high of $123.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released 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%. On average, sell-side analysts expect 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.