21,400 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 21,400 shares of the technology company's stock, valued at approximately $2,403,000.

A number of other large investors have also made changes to their positions in MMYT. USA Financial Formulas purchased a new stake in MakeMyTrip in the fourth quarter valued at about $35,000. Steward Partners Investment Advisory LLC raised its position in shares of MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after purchasing an additional 111 shares during the last quarter. Signaturefd LLC acquired a new stake in MakeMyTrip in the 4th quarter worth approximately $74,000. R Squared Ltd purchased a new stake in MakeMyTrip during the 4th quarter worth approximately $99,000. Finally, BOCHK Asset Management Ltd grew its position in MakeMyTrip by 266.7% during the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock worth $124,000 after purchasing an additional 800 shares during the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.

MakeMyTrip Stock Performance

Shares of MMYT stock traded down $3.04 during mid-day trading on Monday, reaching $104.60. The stock had a trading volume of 606,374 shares, compared to its average volume of 718,329. 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 1-year low of $65.54 and a 1-year high of $123.00. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 56.85, a PEG ratio of 6.56 and a beta of 1.00. The business's fifty day moving average is $97.56 and its 200-day moving average is $105.03.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. On average, research analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note 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.