Y Intercept Hong Kong Ltd Invests $858,000 in MakeMyTrip Limited (NASDAQ:MMYT)

Y Intercept Hong Kong Ltd acquired a new stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,227 shares of the technology company's stock, valued at approximately $858,000.

Other large investors have also modified their holdings of the company. XTX Topco Ltd purchased a new position in shares of MakeMyTrip in the third quarter worth about $818,000. State Street Corp boosted its holdings in shares of MakeMyTrip by 5.8% during the 3rd quarter. State Street Corp now owns 106,537 shares of the technology company's stock worth $9,903,000 after purchasing an additional 5,814 shares during the last quarter. Janus Henderson Group PLC boosted its stake in MakeMyTrip by 1.3% during the third quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company's stock worth $47,258,000 after buying an additional 6,378 shares during the last quarter. Wasatch Advisors LP purchased a new stake in MakeMyTrip in the 3rd quarter valued at $44,521,000. Finally, MayTech Global Investments LLC increased its stake in shares of MakeMyTrip by 13.5% in the 3rd quarter. MayTech Global Investments LLC now owns 278,442 shares of the technology company's stock worth $25,881,000 after acquiring an additional 33,118 shares during the last quarter. Institutional investors and hedge funds own 51.89% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. StockNews.com cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. Bank of America upped their price target on MakeMyTrip from $112.00 to $119.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th.

MakeMyTrip Price Performance

MakeMyTrip stock traded down $0.33 during midday trading on Friday, reaching $117.17. The company's stock had a trading volume of 345,362 shares, compared to its average volume of 710,085. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. MakeMyTrip Limited has a fifty-two week low of $43.31 and a fifty-two week high of $123.00. The firm has a market capitalization of $12.86 billion, a PE ratio of 64.03, a P/E/G ratio of 6.74 and a beta of 1.27. The stock's 50 day simple moving average is $106.57 and its 200 day simple moving average is $95.90.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its quarterly 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 during the quarter, compared to analysts' expectations of $214.90 million. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. During the same quarter last year, the business posted $0.18 earnings per share. On average, equities research analysts forecast that MakeMyTrip Limited will post 1.29 earnings per share 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.