Schroder Investment Management Group Acquires 141,507 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Schroder Investment Management Group increased its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,118,898 shares of the technology company's stock after buying an additional 141,507 shares during the quarter. Schroder Investment Management Group owned 3.75% of MakeMyTrip worth $462,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Rheos Capital Works Inc. grew its position in shares of MakeMyTrip by 237.5% in the 4th quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company's stock valued at $15,158,000 after buying an additional 95,000 shares during the last quarter. Citigroup Inc. boosted its holdings in MakeMyTrip by 154.3% in the third quarter. Citigroup Inc. now owns 60,123 shares of the technology company's stock valued at $5,588,000 after acquiring an additional 36,476 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in MakeMyTrip during the 3rd quarter valued at approximately $1,134,000. New York State Common Retirement Fund raised its holdings in MakeMyTrip by 100.2% during the 4th quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company's stock worth $11,372,000 after purchasing an additional 50,689 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of MakeMyTrip by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company's stock worth $25,397,000 after purchasing an additional 19,471 shares during the period. Institutional investors own 51.89% of the company's stock.

MakeMyTrip Stock Down 4.8 %

NASDAQ MMYT traded down $4.85 on Thursday, hitting $96.54. 328,643 shares of the company were exchanged, compared to its average volume of 715,373. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a market cap of $10.60 billion, a PE ratio of 52.47, a PEG ratio of 6.56 and a beta of 1.36. The stock has a fifty day moving average of $101.78 and a 200-day moving average of $105.24. MakeMyTrip Limited has a 12 month low of $60.55 and a 12 month high of $123.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. As a group, analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on MMYT. Bank of America increased their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, December 27th. StockNews.com lowered MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 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.