The Manufacturers Life Insurance Company raised its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 20.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 632,062 shares of the technology company's stock after acquiring an additional 107,814 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.58% of MakeMyTrip worth $58,750,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Baillie Gifford & Co. increased its holdings in shares of MakeMyTrip by 85.7% during the second quarter. Baillie Gifford & Co. now owns 4,072,452 shares of the technology company's stock worth $342,493,000 after purchasing an additional 1,879,726 shares during the period. Jennison Associates LLC increased its stake in MakeMyTrip by 282.4% in the third quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company's stock valued at $215,325,000 after acquiring an additional 1,710,773 shares during the last quarter. William Blair Investment Management LLC increased its stake in MakeMyTrip by 54.5% in the second quarter. William Blair Investment Management LLC now owns 1,099,062 shares of the technology company's stock valued at $92,431,000 after acquiring an additional 387,695 shares during the last quarter. Marshall Wace LLP increased its stake in MakeMyTrip by 129.2% in the second quarter. Marshall Wace LLP now owns 956,172 shares of the technology company's stock valued at $80,414,000 after acquiring an additional 539,067 shares during the last quarter. Finally, Sei Investments Co. increased its stake in MakeMyTrip by 39.7% in the second quarter. Sei Investments Co. now owns 458,962 shares of the technology company's stock valued at $38,599,000 after acquiring an additional 130,424 shares during the last quarter. 51.89% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on MMYT shares. StockNews.com cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th. Bank of America raised their target price on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a "buy" rating in a research report on Thursday, October 24th.
Check Out Our Latest Stock Analysis on MMYT
MakeMyTrip Trading Down 0.1 %
Shares of NASDAQ:MMYT traded down $0.14 during mid-day trading on Thursday, reaching $114.11. 547,548 shares of the company's stock were exchanged, compared to its average volume of 719,521. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 6.18 and a beta of 1.27. The business's fifty day moving average price is $102.75 and its 200-day moving average price is $93.28. 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 twelve month low of $41.56 and a twelve month high of $114.92.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly 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. The company had revenue of $210.99 million for the quarter, compared to analyst estimates 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 business earned $0.18 earnings per share. On average, research analysts predict that MakeMyTrip Limited will post 1.29 EPS for the current fiscal 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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