State Street Corp Buys 5,814 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

State Street Corp boosted its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,537 shares of the technology company's stock after acquiring an additional 5,814 shares during the quarter. State Street Corp owned about 0.10% of MakeMyTrip worth $9,903,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC purchased a new stake in shares of MakeMyTrip in the third quarter valued at $1,219,000. Citigroup Inc. raised its position in MakeMyTrip by 154.3% in the 3rd quarter. Citigroup Inc. now owns 60,123 shares of the technology company's stock worth $5,588,000 after purchasing an additional 36,476 shares during the period. GSA Capital Partners LLP purchased a new stake in MakeMyTrip in the 3rd quarter worth about $674,000. 1832 Asset Management L.P. bought a new stake in MakeMyTrip in the second quarter worth about $879,000. Finally, U S Global Investors Inc. boosted its position in shares of MakeMyTrip by 7.2% during the third quarter. U S Global Investors Inc. now owns 105,335 shares of the technology company's stock valued at $9,791,000 after buying an additional 7,114 shares during the period. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Trading Down 1.4 %

Shares of NASDAQ:MMYT traded down $1.68 during trading on Friday, reaching $114.53. 197,111 shares of the company were exchanged, compared to its average volume of 698,924. The business's fifty day simple moving average is $109.34 and its 200-day simple moving average is $98.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. MakeMyTrip Limited has a 12-month low of $43.31 and a 12-month high of $123.00. The firm has a market capitalization of $12.57 billion, a PE ratio of 62.58, a P/E/G ratio of 6.59 and a beta of 1.27.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.26 by $0.10. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. The company had revenue of $210.99 million for the quarter, compared to the consensus estimate of $214.90 million. During the same period last year, the business posted $0.18 EPS. On average, research analysts anticipate that MakeMyTrip Limited will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MMYT. StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. Bank of America upped their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research report on Friday.

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.