MakeMyTrip Limited (NASDAQ:MMYT) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,503,980 shares of the technology company's stock after purchasing an additional 13,157 shares during the period. Franklin Resources Inc. owned approximately 1.37% of MakeMyTrip worth $168,867,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Schroder Investment Management Group lifted its position in shares of MakeMyTrip by 3.6% during the fourth quarter. Schroder Investment Management Group now owns 4,118,898 shares of the technology company's stock worth $462,470,000 after purchasing an additional 141,507 shares in the last quarter. American Century Companies Inc. raised its stake in shares of MakeMyTrip by 17.4% in the fourth quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock valued at $142,528,000 after acquiring an additional 188,234 shares in the last quarter. William Blair Investment Management LLC increased its holdings in MakeMyTrip by 3.9% during the 4th quarter. William Blair Investment Management LLC now owns 935,751 shares of the technology company's stock worth $105,066,000 after purchasing an additional 34,919 shares during the period. Norges Bank acquired a new position in shares of MakeMyTrip during the fourth quarter worth about $97,833,000. Finally, Axiom Investors LLC DE lifted its stake in MakeMyTrip by 3.0% in the fourth quarter. Axiom Investors LLC DE now owns 641,230 shares of the technology company's stock worth $71,997,000 after acquiring an additional 18,489 shares during the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.

Wall Street Analysts Forecast Growth

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

MakeMyTrip Stock Performance

MMYT traded up $3.68 during trading on Monday, hitting $90.80. The stock had a trading volume of 803,902 shares, compared to its average volume of 720,101. MakeMyTrip Limited has a twelve month low of $60.55 and a twelve month high of $123.00. The firm has a market capitalization of $9.97 billion, a P/E ratio of 49.51, a PEG ratio of 6.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The company's 50-day moving average price is $101.07 and its 200 day moving average price is $105.07.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. On average, equities research analysts forecast 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.