MakeMyTrip Limited (NASDAQ:MMYT) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 100.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,279 shares of the technology company's stock after buying an additional 50,689 shares during the period. New York State Common Retirement Fund owned about 0.09% of MakeMyTrip worth $11,372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. USA Financial Formulas bought a new position in MakeMyTrip during the 4th quarter worth approximately $35,000. Advisors Asset Management Inc. boosted its stake in MakeMyTrip by 100.9% during the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after acquiring an additional 225 shares in the last quarter. R Squared Ltd purchased a new stake in MakeMyTrip in the fourth quarter worth about $99,000. BOCHK Asset Management Ltd increased its stake in shares of MakeMyTrip by 266.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock valued at $124,000 after purchasing an additional 800 shares in the last quarter. Finally, D Orazio & Associates Inc. bought a new stake in MakeMyTrip in the third quarter worth $210,000. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Stock Performance

Shares of MMYT stock traded up $3.19 during trading hours on Friday, reaching $96.26. The company had a trading volume of 811,499 shares, compared to its average volume of 835,708. The firm has a market cap of $10.57 billion, a PE ratio of 52.32, a price-to-earnings-growth ratio of 6.56 and a beta of 1.29. The business has a fifty day moving average price of $108.24 and a 200-day moving average price of $105.06. MakeMyTrip Limited has a one year low of $57.59 and a one year high of $123.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88.

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MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings results 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%. Sell-side analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

MMYT has been the subject of several recent analyst reports. Bank of America lifted their price target on 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 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.