Janus Henderson Group PLC Acquires 6,378 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Janus Henderson Group PLC increased its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,607 shares of the technology company's stock after acquiring an additional 6,378 shares during the period. Janus Henderson Group PLC owned about 0.46% of MakeMyTrip worth $47,258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MMYT. Vanguard Group Inc. bought a new stake in shares of MakeMyTrip in the 1st quarter valued at about $2,317,000. DekaBank Deutsche Girozentrale bought a new stake in shares of MakeMyTrip in the 1st quarter valued at about $283,000. EverSource Wealth Advisors LLC raised its position in MakeMyTrip by 163.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company's stock valued at $35,000 after purchasing an additional 332 shares during the last quarter. Capital CS Group LLC bought a new position in MakeMyTrip during the 2nd quarter valued at approximately $656,000. Finally, Bank Pictet & Cie Asia Ltd. bought a new position in MakeMyTrip during the 2nd quarter valued at approximately $773,000. Institutional investors own 51.89% of the company's stock.

MakeMyTrip Stock Performance

Shares of MMYT stock traded up $4.14 on Friday, reaching $120.46. The stock had a trading volume of 576,442 shares, compared to its average volume of 713,807. The stock has a market cap of $13.22 billion, a P/E ratio of 63.56, a price-to-earnings-growth ratio of 6.54 and a beta of 1.27. MakeMyTrip Limited has a 1 year low of $43.00 and a 1 year high of $120.97. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. The company has a 50 day simple moving average of $103.90 and a 200 day simple moving average of $94.60.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.10. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. The company had revenue of $210.99 million for the quarter, compared to analysts' expectations of $214.90 million. During the same period last year, the firm earned $0.18 EPS. Equities research analysts expect that MakeMyTrip Limited will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on MMYT. StockNews.com lowered MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. Bank of America increased their target price on MakeMyTrip from $112.00 to $119.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th.

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.