Bank of New York Mellon Corp Has $36.96 Million Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Bank of New York Mellon Corp lifted its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 939.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 329,173 shares of the technology company's stock after acquiring an additional 297,493 shares during the period. Bank of New York Mellon Corp owned about 0.30% of MakeMyTrip worth $36,959,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new position in MakeMyTrip in the 4th quarter worth about $35,000. Advisors Asset Management Inc. boosted its position in shares of MakeMyTrip by 100.9% during the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after buying an additional 225 shares during the period. R Squared Ltd acquired a new stake in MakeMyTrip in the 4th quarter valued at approximately $99,000. BOCHK Asset Management Ltd grew its position in MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock valued at $124,000 after buying an additional 800 shares in the last quarter. Finally, D Orazio & Associates Inc. bought a new stake in shares of MakeMyTrip during the 3rd quarter worth about $210,000. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Trading Up 5.5 %

MMYT traded up $4.71 during trading on Tuesday, reaching $89.66. The company had a trading volume of 1,202,983 shares, compared to its average volume of 713,342. MakeMyTrip Limited has a 12-month low of $59.51 and a 12-month high of $123.00. The firm's 50-day simple moving average is $104.94 and its 200 day simple moving average is $104.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 48.73, a PEG ratio of 6.56 and a beta of 1.36.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MMYT shares. Bank of America boosted their target price on MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, December 27th. StockNews.com downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 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.