MakeMyTrip Limited (NASDAQ:MMYT) Shares Acquired by Citigroup Inc.

Citigroup Inc. lifted its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 154.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,123 shares of the technology company's stock after buying an additional 36,476 shares during the quarter. Citigroup Inc. owned approximately 0.05% of MakeMyTrip worth $5,588,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Harbour Capital Advisors LLC increased its holdings in MakeMyTrip by 0.9% in the third quarter. Harbour Capital Advisors LLC now owns 20,280 shares of the technology company's stock valued at $2,008,000 after buying an additional 175 shares in the last quarter. Thornburg Investment Management Inc. raised its holdings in MakeMyTrip by 0.8% in the 2nd quarter. Thornburg Investment Management Inc. now owns 24,580 shares of the technology company's stock worth $2,100,000 after purchasing an additional 204 shares during the period. Caprock Group LLC raised its stake in shares of MakeMyTrip by 6.4% during the 3rd quarter. Caprock Group LLC now owns 3,726 shares of the technology company's stock worth $346,000 after buying an additional 224 shares during the period. Advisors Asset Management Inc. raised its position in MakeMyTrip by 100.9% during the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after acquiring an additional 225 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in MakeMyTrip by 44.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company's stock valued at $65,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MMYT shares. Bank of America raised their price target 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. StockNews.com cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th.

MakeMyTrip Stock Down 0.0 %

Shares of NASDAQ MMYT traded down $0.02 during midday trading on Monday, hitting $114.73. The company's stock had a trading volume of 515,808 shares, compared to its average volume of 717,280. 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 Limited has a 1 year low of $42.23 and a 1 year high of $116.88. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 62.69, a price-to-earnings-growth ratio of 6.45 and a beta of 1.27. The business's fifty day simple moving average is $103.11 and its two-hundred day simple moving average is $94.08.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. The business had revenue of $210.99 million during the quarter, compared to analysts' expectations of $214.90 million. During the same quarter last year, the business posted $0.18 EPS. On average, equities analysts predict that MakeMyTrip Limited will post 1.29 EPS for the current 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.