Martin Currie Ltd. Buys Shares of 409,389 MakeMyTrip Limited (NASDAQ:MMYT)

Martin Currie Ltd. bought a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 409,389 shares of the technology company's stock, valued at approximately $45,966,000. MakeMyTrip comprises about 1.7% of Martin Currie Ltd.'s holdings, making the stock its 23rd biggest position. Martin Currie Ltd. owned about 0.37% of MakeMyTrip at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rheos Capital Works Inc. boosted its stake in shares of MakeMyTrip by 237.5% during the fourth quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company's stock valued at $15,158,000 after acquiring an additional 95,000 shares during the last quarter. Citigroup Inc. boosted its stake in shares of MakeMyTrip by 154.3% during the 3rd quarter. Citigroup Inc. now owns 60,123 shares of the technology company's stock worth $5,588,000 after purchasing an additional 36,476 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MakeMyTrip during the third quarter worth about $1,134,000. New York State Common Retirement Fund raised its position in shares of MakeMyTrip by 100.2% in the fourth quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company's stock valued at $11,372,000 after buying an additional 50,689 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in MakeMyTrip by 7.7% during the third quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company's stock worth $25,397,000 after acquiring an additional 19,471 shares during the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.

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MakeMyTrip Stock Down 4.9 %

Shares of NASDAQ MMYT traded down $4.99 during midday trading on Thursday, reaching $96.40. 360,367 shares of the company's stock were exchanged, compared to its average volume of 715,485. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. MakeMyTrip Limited has a 52-week low of $60.55 and a 52-week high of $123.00. The business's fifty day moving average price is $101.78 and its two-hundred day moving average price is $105.24. The stock has a market capitalization of $10.58 billion, a PE ratio of 52.39, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MMYT shares. 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 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.