Fmr LLC Buys 1,230,916 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

FMR LLC lifted its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 51.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,635,473 shares of the technology company's stock after purchasing an additional 1,230,916 shares during the quarter. FMR LLC owned about 3.31% of MakeMyTrip worth $337,917,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MMYT. Harbour Capital Advisors LLC raised its stake in shares of MakeMyTrip by 0.9% in the 3rd quarter. Harbour Capital Advisors LLC now owns 20,280 shares of the technology company's stock valued at $2,008,000 after purchasing an additional 175 shares during the period. Thornburg Investment Management Inc. grew its holdings in shares of MakeMyTrip by 0.8% during the second quarter. Thornburg Investment Management Inc. now owns 24,580 shares of the technology company's stock worth $2,100,000 after buying an additional 204 shares in the last quarter. Caprock Group LLC raised its position in MakeMyTrip by 6.4% in the 3rd quarter. Caprock Group LLC now owns 3,726 shares of the technology company's stock valued at $346,000 after buying an additional 224 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock valued at $42,000 after acquiring an additional 225 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in MakeMyTrip by 44.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company's stock worth $65,000 after acquiring an additional 236 shares during the last quarter. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Stock Up 0.6 %

Shares of NASDAQ:MMYT traded up $0.63 during trading on Friday, hitting $114.74. 403,348 shares of the company were exchanged, compared to its average volume of 539,171. MakeMyTrip Limited has a fifty-two week low of $41.56 and a fifty-two week high of $116.00. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 62.70, a P/E/G ratio of 6.45 and a beta of 1.27. The company has a current ratio of 2.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average price of $103.02 and a two-hundred day moving average price of $93.87.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MMYT. StockNews.com downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. Bank of America lifted their price target on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a "buy" rating in a research note on Thursday, October 24th.

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.