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

William Blair Investment Management LLC grew its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 935,751 shares of the technology company's stock after purchasing an additional 34,919 shares during the period. William Blair Investment Management LLC owned approximately 0.85% of MakeMyTrip worth $105,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MMYT. USA Financial Formulas acquired a new stake in shares of MakeMyTrip in the 4th quarter worth about $35,000. Advisors Asset Management Inc. raised its holdings in shares of MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after acquiring an additional 225 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings 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 worth $43,000 after acquiring an additional 111 shares during the last quarter. Signaturefd LLC acquired a new stake in shares of MakeMyTrip in the 4th quarter worth about $74,000. Finally, R Squared Ltd acquired a new stake in shares of MakeMyTrip in the 4th quarter worth about $99,000. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Stock Up 3.2 %

MMYT stock traded up $3.06 during trading on Wednesday, reaching $98.82. The stock had a trading volume of 312,060 shares, compared to its average volume of 711,317. MakeMyTrip Limited has a one year low of $60.55 and a one year 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. The company's 50 day moving average is $102.38 and its two-hundred day moving average is $104.77. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 53.71, a P/E/G ratio of 6.56 and a beta of 1.36.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MMYT. Bank of America upped their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, December 27th. StockNews.com downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 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.