Bellecapital International Ltd. Purchases Shares of 4,490 MakeMyTrip Limited (NASDAQ:MMYT)

Bellecapital International Ltd. purchased a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,490 shares of the technology company's stock, valued at approximately $504,000.

Several other large investors have also made changes to their positions in the company. Jennison Associates LLC grew its stake in MakeMyTrip by 282.4% in the 3rd quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company's stock valued at $215,325,000 after buying an additional 1,710,773 shares during the last quarter. FMR LLC lifted its stake in MakeMyTrip by 51.2% during the third quarter. FMR LLC now owns 3,635,473 shares of the technology company's stock worth $337,917,000 after purchasing an additional 1,230,916 shares during the last quarter. Wasatch Advisors LP bought a new stake in shares of MakeMyTrip during the 3rd quarter worth $44,521,000. Bank of New York Mellon Corp boosted its stake in shares of MakeMyTrip by 939.1% in the 4th 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, The Manufacturers Life Insurance Company grew its stake in shares of MakeMyTrip by 20.6% during the third quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company's stock worth $58,750,000 after buying an additional 107,814 shares during the last quarter. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Trading Down 5.0 %

Shares of MMYT stock traded down $4.62 on Thursday, hitting $87.05. 1,123,674 shares of the company's stock traded hands, compared to its average volume of 859,413. The company's fifty day simple moving average is $106.66 and its 200 day simple moving average is $105.11. MakeMyTrip Limited has a one year low of $59.51 and a one year high of $123.00. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 47.31, a P/E/G ratio of 6.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88.

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MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued 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 return on equity of 11.46% and a net margin of 25.42%. Equities analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current year.

Analyst Ratings Changes

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

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.