MakeMyTrip Limited (NASDAQ:MMYT) Shares Bought by U S Global Investors Inc.

U S Global Investors Inc. grew its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,335 shares of the technology company's stock after acquiring an additional 7,114 shares during the quarter. MakeMyTrip comprises approximately 0.9% of U S Global Investors Inc.'s investment portfolio, making the stock its 24th biggest position. U S Global Investors Inc. owned about 0.10% of MakeMyTrip worth $9,791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MMYT. Baillie Gifford & Co. increased its stake in shares of MakeMyTrip by 85.7% in the 2nd quarter. Baillie Gifford & Co. now owns 4,072,452 shares of the technology company's stock worth $342,493,000 after acquiring an additional 1,879,726 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of MakeMyTrip in the 1st quarter worth $50,543,000. Marshall Wace LLP increased its stake in shares of MakeMyTrip by 129.2% in the 2nd quarter. Marshall Wace LLP now owns 956,172 shares of the technology company's stock worth $80,414,000 after acquiring an additional 539,067 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of MakeMyTrip by 143.2% in the 1st quarter. Janus Henderson Group PLC now owns 458,534 shares of the technology company's stock worth $32,574,000 after acquiring an additional 269,988 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of MakeMyTrip by 39.7% in the 2nd quarter. Sei Investments Co. now owns 458,962 shares of the technology company's stock worth $38,599,000 after acquiring an additional 130,424 shares during the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MMYT. Citigroup raised their price objective 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 research report on Wednesday, July 24th. Finally, Bank of America raised their price objective on MakeMyTrip from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Tuesday, August 27th.

MakeMyTrip Stock Down 1.5 %

MMYT stock traded down $1.60 during trading on Tuesday, hitting $102.99. 464,609 shares of the company's stock were exchanged, compared to its average volume of 740,002. The business has a 50-day moving average price of $98.69 and a two-hundred day moving average price of $86.52. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 62.59, a PEG ratio of 5.65 and a beta of 1.28. MakeMyTrip Limited has a 52-week low of $36.81 and a 52-week high of $110.49. 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 (NASDAQ:MMYT - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.23. The firm had revenue of $254.52 million during the quarter, compared to analysts' expectations of $231.85 million. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. As a group, equities research analysts expect that MakeMyTrip Limited will post 1.27 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.