Asset Management One Co. Ltd. Makes New Investment in MakeMyTrip Limited (NASDAQ:MMYT)

Asset Management One Co. Ltd. purchased a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 101,000 shares of the technology company's stock, valued at approximately $9,388,000. Asset Management One Co. Ltd. owned approximately 0.09% of MakeMyTrip as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of MMYT. Park Place Capital Corp bought a new stake in MakeMyTrip during the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC grew its holdings in MakeMyTrip by 163.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company's stock worth $35,000 after acquiring an additional 332 shares in the last quarter. Fifth Third Bancorp purchased a new position in MakeMyTrip during the 2nd quarter valued at about $59,000. nVerses Capital LLC bought a new stake in shares of MakeMyTrip in the 2nd quarter valued at about $143,000. Finally, LRI Investments LLC purchased a new stake in shares of MakeMyTrip in the 1st quarter worth approximately $149,000. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Stock Up 2.7 %

MMYT traded up $2.82 during trading on Friday, hitting $106.82. The stock had a trading volume of 473,632 shares, compared to its average volume of 730,625. The stock has a 50 day simple moving average of $100.31 and a two-hundred day simple moving average of $89.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. MakeMyTrip Limited has a twelve month low of $39.26 and a twelve month high of $113.61. The company has a market capitalization of $11.73 billion, a PE ratio of 57.66, a PEG ratio of 5.68 and a beta of 1.27.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.10. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. The firm had revenue of $210.99 million for the quarter, compared to the consensus estimate of $214.90 million. During the same period in the previous year, the business earned $0.18 EPS. On average, research analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MMYT. StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Monday. Citigroup lifted their price target on MakeMyTrip from $93.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Finally, Bank of America upped their price objective on MakeMyTrip from $112.00 to $119.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th.

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.