Geode Capital Management LLC Boosts Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Geode Capital Management LLC grew its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 273,230 shares of the technology company's stock after purchasing an additional 19,471 shares during the quarter. Geode Capital Management LLC owned about 0.25% of MakeMyTrip worth $25,397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MMYT. Harbour Capital Advisors LLC increased its holdings in shares of MakeMyTrip by 0.9% during the third quarter. Harbour Capital Advisors LLC now owns 20,280 shares of the technology company's stock valued at $2,008,000 after acquiring an additional 175 shares in the last quarter. Thornburg Investment Management Inc. increased its stake in MakeMyTrip by 0.8% during the 2nd quarter. Thornburg Investment Management Inc. now owns 24,580 shares of the technology company's stock valued at $2,100,000 after purchasing an additional 204 shares in the last quarter. Caprock Group LLC raised its holdings in shares of MakeMyTrip by 6.4% in the third quarter. Caprock Group LLC now owns 3,726 shares of the technology company's stock worth $346,000 after buying an additional 224 shares during the last quarter. Advisors Asset Management Inc. lifted its stake 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. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of MakeMyTrip by 44.1% during the second quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company's stock valued at $65,000 after buying an additional 236 shares during the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Stock Performance

NASDAQ MMYT traded down $1.68 on Friday, reaching $114.53. 197,111 shares of the company's stock traded hands, compared to its average volume of 698,924. The stock has a 50 day moving average price of $109.60 and a 200-day moving average price of $98.85. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 62.58, a P/E/G ratio of 6.59 and a beta of 1.27. 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 fifty-two week low of $43.31 and a fifty-two week 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 (EPS) for the quarter, beating 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 business had revenue of $210.99 million during the quarter, compared to analysts' expectations of $214.90 million. During the same quarter in the previous year, the firm posted $0.18 EPS. Equities research analysts predict that MakeMyTrip Limited will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MMYT has been the subject of a number of research reports. StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. Bank of America lifted their target price on MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a report on Friday.

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.