Virtus Fund Advisers LLC Has $2.60 Million Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Virtus Fund Advisers LLC lessened its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 22.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,955 shares of the technology company's stock after selling 8,243 shares during the quarter. MakeMyTrip makes up approximately 10.6% of Virtus Fund Advisers LLC's investment portfolio, making the stock its 4th largest position. Virtus Fund Advisers LLC's holdings in MakeMyTrip were worth $2,598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its holdings in shares of MakeMyTrip by 85.7% during the 2nd quarter. Baillie Gifford & Co. now owns 4,072,452 shares of the technology company's stock worth $342,493,000 after buying an additional 1,879,726 shares during the period. FMR LLC lifted its position in MakeMyTrip by 51.2% during the third quarter. FMR LLC now owns 3,635,473 shares of the technology company's stock worth $337,917,000 after acquiring an additional 1,230,916 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of MakeMyTrip by 282.4% during the third quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company's stock worth $215,325,000 after acquiring an additional 1,710,773 shares during the period. William Blair Investment Management LLC grew its position in shares of MakeMyTrip by 54.5% in the second quarter. William Blair Investment Management LLC now owns 1,099,062 shares of the technology company's stock valued at $92,431,000 after purchasing an additional 387,695 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of MakeMyTrip by 129.2% during the second quarter. Marshall Wace LLP now owns 956,172 shares of the technology company's stock worth $80,414,000 after purchasing an additional 539,067 shares during the period. Institutional investors own 51.89% of the company's stock.

MakeMyTrip Price Performance

MakeMyTrip stock traded up $4.14 during mid-day trading on Friday, reaching $120.46. 576,826 shares of the company were exchanged, compared to its average volume of 513,668. The firm has a market cap of $13.22 billion, a PE ratio of 65.83, a PEG ratio of 6.55 and a beta of 1.27. MakeMyTrip Limited has a 12 month low of $43.00 and a 12 month high of $120.97. 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 company has a fifty day simple moving average of $104.41 and a 200-day simple moving average of $94.82.

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

Wall Street Analysts Forecast Growth

MMYT has been the subject of several recent research reports. StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th. Bank of America upped their price target on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a "buy" rating in a research note on Thursday, October 24th.

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.