Prudential PLC Purchases 4,470 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Prudential PLC increased its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 70.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,787 shares of the technology company's stock after acquiring an additional 4,470 shares during the quarter. Prudential PLC's holdings in MakeMyTrip were worth $1,211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MMYT. USA Financial Formulas purchased a new position in shares of MakeMyTrip in the fourth quarter valued at about $35,000. Steward Partners Investment Advisory LLC lifted its holdings in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after purchasing an additional 111 shares in the last quarter. Signaturefd LLC bought a new position in MakeMyTrip in the 4th quarter worth approximately $74,000. R Squared Ltd purchased a new stake in MakeMyTrip during the 4th quarter valued at approximately $99,000. Finally, BOCHK Asset Management Ltd lifted its holdings in shares of MakeMyTrip by 266.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock worth $124,000 after buying an additional 800 shares in the last quarter. Institutional investors own 51.89% of the company's stock.

MakeMyTrip Price Performance

MMYT traded up $3.88 during trading hours on Friday, hitting $97.88. The company's stock had a trading volume of 562,920 shares, compared to its average volume of 721,589. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 53.20, a P/E/G ratio of 6.56 and a beta of 1.00. The business's 50-day moving average price is $98.64 and its 200-day moving average price is $104.47. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 12 month low of $60.55 and a 12 month high of $123.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share 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 expect that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

MMYT has been the topic of a number of research reports. StockNews.com downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Bank of America lifted their target price on MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, December 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.