13,887 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Acquired by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG purchased a new position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,887 shares of the technology company's stock, valued at approximately $1,168,000.

A number of other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its stake in shares of MakeMyTrip by 29.8% during the 4th quarter. Fisher Asset Management LLC now owns 94,606 shares of the technology company's stock worth $4,445,000 after purchasing an additional 21,733 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of MakeMyTrip in the fourth quarter worth $627,000. Axiom Investors LLC DE raised its stake in MakeMyTrip by 34.1% during the 4th quarter. Axiom Investors LLC DE now owns 340,048 shares of the technology company's stock valued at $15,975,000 after purchasing an additional 86,558 shares during the last quarter. Raymond James & Associates bought a new stake in MakeMyTrip in the 4th quarter valued at $733,000. Finally, Segantii Capital Management Ltd bought a new position in shares of MakeMyTrip during the 4th quarter worth about $6,178,000. Institutional investors and hedge funds own 51.89% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MMYT shares. Bank of America lifted their price objective on MakeMyTrip from $95.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. StockNews.com raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Wednesday, July 24th. Finally, Citigroup increased their price target on shares of MakeMyTrip from $93.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th.

MakeMyTrip Stock Up 2.3 %

Shares of NASDAQ MMYT traded up $2.23 during midday trading on Friday, reaching $100.00. The company's stock had a trading volume of 364,685 shares, compared to its average volume of 755,119. The stock has a 50 day simple moving average of $89.25 and a 200-day simple moving average of $75.98. The company has a current ratio of 2.78, a quick ratio of 2.77 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a fifty-two week low of $36.81 and a fifty-two week high of $100.67. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 59.88, a PEG ratio of 6.76 and a beta of 1.30.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.23. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. The firm had revenue of $254.52 million during the quarter, compared to the consensus estimate of $231.85 million. Equities research analysts predict that MakeMyTrip Limited will post 0.98 earnings per share for the current year.

About MakeMyTrip

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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