MakeMyTrip Limited (NASDAQ:MMYT) Shares Purchased by Carrhae Capital LLP

Carrhae Capital LLP raised its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,959 shares of the technology company's stock after buying an additional 61,138 shares during the period. MakeMyTrip comprises about 3.8% of Carrhae Capital LLP's holdings, making the stock its 13th largest position. Carrhae Capital LLP owned 0.32% of MakeMyTrip worth $32,993,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Park Place Capital Corp acquired a new stake in shares of MakeMyTrip during the third quarter worth about $25,000. EverSource Wealth Advisors LLC increased its position in shares of MakeMyTrip by 163.5% during the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company's stock worth $35,000 after purchasing an additional 332 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of MakeMyTrip during the second quarter worth about $59,000. nVerses Capital LLC acquired a new stake in shares of MakeMyTrip during the second quarter worth about $143,000. Finally, LRI Investments LLC acquired a new stake in shares of MakeMyTrip during the first quarter worth about $149,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Price Performance

Shares of MMYT stock traded up $3.16 during midday trading on Monday, reaching $104.59. 469,125 shares of the company traded hands, compared to its average volume of 741,311. The firm's 50 day simple moving average is $98.69 and its two-hundred day simple moving average is $86.52. MakeMyTrip Limited has a 1-year low of $36.81 and a 1-year high of $110.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.78 and a quick ratio of 2.77. The firm has a market cap of $11.48 billion, a PE ratio of 62.63, a price-to-earnings-growth ratio of 5.65 and a beta of 1.28.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.23. MakeMyTrip had a net margin of 26.11% and a return on equity of 11.04%. The company had revenue of $254.52 million during the quarter, compared to the consensus estimate of $231.85 million. On average, equities research analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MMYT shares. Citigroup lifted their target price on MakeMyTrip from $93.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. StockNews.com raised MakeMyTrip from a "sell" rating to a "hold" rating in a report on Wednesday, July 24th. Finally, Bank of America lifted their price objective on MakeMyTrip from $100.00 to $112.00 and gave the company a "buy" rating in a report on Tuesday, August 27th.

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.