100,268 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Bought by SeaTown Holdings Pte. Ltd.

SeaTown Holdings Pte. Ltd. acquired a new position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 100,268 shares of the technology company's stock, valued at approximately $11,258,000. MakeMyTrip accounts for about 7.7% of SeaTown Holdings Pte. Ltd.'s portfolio, making the stock its 3rd largest position. SeaTown Holdings Pte. Ltd. owned 0.09% of MakeMyTrip as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of MMYT. Natixis Advisors LLC bought a new stake in shares of MakeMyTrip in the third quarter valued at approximately $1,219,000. Citigroup Inc. lifted its position in shares of MakeMyTrip by 154.3% during the third quarter. Citigroup Inc. now owns 60,123 shares of the technology company's stock worth $5,588,000 after acquiring an additional 36,476 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MakeMyTrip during the third quarter worth $1,134,000. GSA Capital Partners LLP purchased a new position in shares of MakeMyTrip in the third quarter valued at $674,000. Finally, 1832 Asset Management L.P. bought a new stake in shares of MakeMyTrip during the 2nd quarter valued at $879,000. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Price Performance

NASDAQ MMYT traded up $1.51 during trading on Friday, reaching $106.80. The company's stock had a trading volume of 308,798 shares, compared to its average volume of 328,511. The stock has a market capitalization of $11.72 billion, a PE ratio of 58.36, a P/E/G ratio of 5.71 and a beta of 1.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. The firm has a fifty day moving average of $111.68 and a 200 day moving average of $101.84. MakeMyTrip Limited has a one year low of $47.04 and a one year high of $123.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.10. The business had revenue of $210.99 million for the quarter, compared to the consensus estimate of $214.90 million. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. During the same period last year, the firm posted $0.18 earnings per share. Analysts expect that MakeMyTrip Limited will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America raised their target price on MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, December 27th. StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th.

MakeMyTrip 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.