MakeMyTrip Limited (NASDAQ:MMYT) Stake Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 44.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,062 shares of the technology company’s stock after acquiring an additional 78,745 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.23% of MakeMyTrip worth $23,708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Baillie Gifford & Co. lifted its stake in MakeMyTrip by 85.7% during the second quarter. Baillie Gifford & Co. now owns 4,072,452 shares of the technology company’s stock valued at $342,493,000 after purchasing an additional 1,879,726 shares during the last quarter. William Blair Investment Management LLC lifted its stake in MakeMyTrip by 54.5% during 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. Marshall Wace LLP lifted its stake in MakeMyTrip by 129.2% during the second quarter. Marshall Wace LLP now owns 956,172 shares of the technology company’s stock valued at $80,414,000 after purchasing an additional 539,067 shares during the last quarter. Sei Investments Co. lifted its stake in MakeMyTrip by 39.7% during the second quarter. Sei Investments Co. now owns 458,962 shares of the technology company’s stock valued at $38,599,000 after purchasing an additional 130,424 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in MakeMyTrip by 143.2% during the first quarter. Janus Henderson Group PLC now owns 458,534 shares of the technology company’s stock valued at $32,574,000 after purchasing an additional 269,988 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on MMYT. 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 report on Thursday. Citigroup upped their price target on shares of MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th.

MakeMyTrip Trading Down 1.2 %

Shares of NASDAQ:MMYT opened at $102.71 on Friday. The firm has a fifty day moving average of $99.24 and a two-hundred day moving average of $87.29. The firm has a market capitalization of $11.28 billion, a P/E ratio of 60.78, a price-to-earnings-growth ratio of 5.88 and a beta of 1.28. MakeMyTrip Limited has a 12-month low of $36.81 and a 12-month high of $110.49. The company has a quick ratio of 2.77, a current ratio of 2.78 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10. The company had revenue of $210.99 million during the quarter, compared to analyst estimates of $214.90 million. MakeMyTrip had a net margin of 26.11% and a return on equity of 11.04%. During the same quarter last year, the business posted $0.18 EPS. On average, equities analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

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.