Invesco Ltd. Raises Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Invesco Ltd. raised its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 362,056 shares of the technology company's stock after buying an additional 13,343 shares during the period. Invesco Ltd. owned about 0.33% of MakeMyTrip worth $40,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in MakeMyTrip during the fourth quarter valued at approximately $97,833,000. GQG Partners LLC purchased a new position in shares of MakeMyTrip in the 4th quarter valued at $60,465,000. Martin Currie Ltd. bought a new position in shares of MakeMyTrip in the 4th quarter worth $45,966,000. Bank of New York Mellon Corp lifted its stake in shares of MakeMyTrip by 939.1% during the 4th quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company's stock worth $36,959,000 after purchasing an additional 297,493 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in MakeMyTrip by 17.4% during the fourth quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock valued at $142,528,000 after purchasing an additional 188,234 shares in the last quarter. 51.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America increased their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, December 27th. StockNews.com cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th.

MakeMyTrip Stock Up 3.8 %

NASDAQ:MMYT traded up $3.77 during mid-day trading on Tuesday, hitting $104.15. 444,691 shares of the company's stock traded hands, compared to its average volume of 717,340. The company has a fifty day moving average of $97.40 and a 200 day moving average of $104.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. MakeMyTrip Limited has a twelve month low of $62.11 and a twelve month high of $123.00. The company has a market capitalization of $11.43 billion, a P/E ratio of 56.60, a P/E/G ratio of 6.56 and a beta of 1.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly 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 return on equity of 11.46% and a net margin of 25.42%. On average, analysts forecast 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.