Franklin Resources Inc. decreased its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 13.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,490,823 shares of the technology company's stock after selling 235,873 shares during the period. Franklin Resources Inc. owned 1.36% of MakeMyTrip worth $138,572,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. bought a new position in MakeMyTrip in the first quarter valued at approximately $2,317,000. Wealth Enhancement Advisory Services LLC acquired a new position in MakeMyTrip during the second quarter worth $269,000. Fifth Third Bancorp acquired a new position in MakeMyTrip during the second quarter worth $59,000. NewSquare Capital LLC bought a new stake in MakeMyTrip during the second quarter worth $4,859,000. Finally, Banque Pictet & Cie SA bought a new position in shares of MakeMyTrip in the 2nd quarter valued at about $1,958,000. Institutional investors own 51.89% of the company's stock.
Wall Street Analyst Weigh In
MMYT has been the topic of a number of research analyst reports. Bank of America upped their target price on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a "buy" rating in a report on Thursday, October 24th. StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th.
Get Our Latest Analysis on MakeMyTrip
MakeMyTrip Stock Performance
MakeMyTrip stock traded up $0.16 during trading hours on Monday, hitting $117.33. The company had a trading volume of 262,643 shares, compared to its average volume of 708,235. The firm has a market cap of $12.88 billion, a PE ratio of 64.03, a PEG ratio of 6.74 and a beta of 1.27. The firm has a 50-day moving average of $106.93 and a 200 day moving average of $96.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. MakeMyTrip Limited has a one year low of $43.31 and a one year high of $123.00.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $210.99 million during the quarter, compared to analysts' expectations of $214.90 million. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. During the same quarter in the previous year, the company earned $0.18 EPS. On average, sell-side analysts expect that MakeMyTrip Limited will post 1.29 earnings per share for the current year.
About MakeMyTrip
(
Free Report)
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.
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