William Blair Investment Management LLC Acquires 34,919 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

William Blair Investment Management LLC boosted its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 935,751 shares of the technology company's stock after acquiring an additional 34,919 shares during the quarter. William Blair Investment Management LLC owned 0.85% of MakeMyTrip worth $105,066,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rheos Capital Works Inc. grew its position in shares of MakeMyTrip by 237.5% during the 4th quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company's stock valued at $15,158,000 after acquiring an additional 95,000 shares during the period. Natixis Advisors LLC purchased a new position in MakeMyTrip during the third quarter valued at $1,219,000. Citigroup Inc. grew its holdings in MakeMyTrip by 154.3% during the third quarter. Citigroup Inc. now owns 60,123 shares of the technology company's stock valued at $5,588,000 after purchasing an additional 36,476 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in MakeMyTrip in the third quarter worth about $1,134,000. Finally, GSA Capital Partners LLP purchased a new stake in MakeMyTrip in the third quarter worth about $674,000. Institutional investors own 51.89% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MMYT shares. Bank of America boosted their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, December 27th. StockNews.com cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th.

MakeMyTrip Price Performance

MMYT stock traded up $1.19 during midday trading on Friday, hitting $101.06. The company's stock had a trading volume of 566,163 shares, compared to its average volume of 710,331. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 54.92, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. The company has a 50 day moving average of $101.89 and a two-hundred day moving average of $104.71. MakeMyTrip Limited has a 12 month low of $60.55 and a 12 month high of $123.00. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released 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, analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current year.

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.