GSA Capital Partners LLP Acquires New Position in MakeMyTrip Limited (NASDAQ:MMYT)

GSA Capital Partners LLP bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,249 shares of the technology company's stock, valued at approximately $674,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MMYT. Park Place Capital Corp bought a new stake in MakeMyTrip in the third quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its stake in MakeMyTrip by 163.5% in the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company's stock valued at $35,000 after acquiring an additional 332 shares during the period. Fifth Third Bancorp bought a new stake in MakeMyTrip in the second quarter valued at about $59,000. nVerses Capital LLC bought a new stake in MakeMyTrip in the second quarter valued at about $143,000. Finally, LRI Investments LLC bought a new stake in MakeMyTrip in the first quarter valued at about $149,000. Institutional investors own 51.89% of the company's stock.

Analysts Set New Price Targets

MMYT has been the topic of several research analyst reports. StockNews.com raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Bank of America upped their price objective on shares of MakeMyTrip from $112.00 to $119.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Citigroup upped their price objective on shares of MakeMyTrip from $93.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th.

MakeMyTrip Price Performance

Shares of MMYT stock traded up $2.79 during trading hours on Monday, reaching $100.32. 408,829 shares of the company were exchanged, compared to its average volume of 725,246. MakeMyTrip Limited has a fifty-two week low of $41.56 and a fifty-two week high of $113.61. The stock's fifty day moving average is $101.51 and its two-hundred day moving average is $91.43. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 53.30, a P/E/G ratio of 5.48 and a beta of 1.27. 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 (NASDAQ:MMYT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.10. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. The company had revenue of $210.99 million for the quarter, compared to analyst estimates of $214.90 million. During the same period in the prior year, the business earned $0.18 earnings per share. Sell-side analysts forecast that MakeMyTrip Limited will post 1.29 earnings per share 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.