Fmr LLC Acquires 158,101 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

FMR LLC boosted its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,793,574 shares of the technology company's stock after purchasing an additional 158,101 shares during the quarter. FMR LLC owned approximately 3.46% of MakeMyTrip worth $425,942,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in MakeMyTrip in the fourth quarter valued at approximately $97,833,000. GQG Partners LLC bought a new position in MakeMyTrip during the 4th quarter worth $60,465,000. Martin Currie Ltd. bought a new stake in MakeMyTrip in the fourth quarter valued at $45,966,000. Bank of New York Mellon Corp boosted its stake in MakeMyTrip by 939.1% during 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 during the period. Finally, American Century Companies Inc. boosted its position in shares of MakeMyTrip by 17.4% during the fourth quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock worth $142,528,000 after buying an additional 188,234 shares during the period. 51.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MMYT has been the subject of several research analyst reports. StockNews.com downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Bank of America raised their target price on MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, December 27th.

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MakeMyTrip Stock Up 4.6 %

Shares of MMYT traded up $4.48 during trading hours on Tuesday, reaching $102.43. The company's stock had a trading volume of 473,853 shares, compared to its average volume of 719,485. 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 firm has a market cap of $11.25 billion, a price-to-earnings ratio of 55.67, a P/E/G ratio of 6.56 and a beta of 1.00. The company has a 50 day moving average of $98.20 and a two-hundred day moving average of $104.49. MakeMyTrip Limited has a 1-year low of $60.55 and a 1-year high of $123.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted 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%. As a group, research analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

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.