MakeMyTrip Limited (NASDAQ:MMYT) is Totem Point Management LLC's 8th Largest Position

Totem Point Management LLC raised its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 30.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,577 shares of the technology company's stock after purchasing an additional 7,783 shares during the quarter. MakeMyTrip comprises approximately 4.0% of Totem Point Management LLC's portfolio, making the stock its 8th largest holding. Totem Point Management LLC's holdings in MakeMyTrip were worth $3,770,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MMYT. Rheos Capital Works Inc. boosted its holdings in shares of MakeMyTrip by 237.5% in the fourth 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 in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in MakeMyTrip in the 3rd quarter valued at approximately $1,134,000. New York State Common Retirement Fund increased its position in MakeMyTrip by 100.2% during the 4th quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company's stock worth $11,372,000 after purchasing an additional 50,689 shares during the period. Geode Capital Management LLC raised its stake in shares of MakeMyTrip by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company's stock worth $25,397,000 after buying an additional 19,471 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of MakeMyTrip by 9.2% in the 4th quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company's stock valued at $5,044,000 after buying an additional 3,800 shares during the period. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Price Performance

NASDAQ MMYT traded down $4.23 during mid-day trading on Monday, hitting $103.42. The stock had a trading volume of 178,591 shares, compared to its average volume of 716,669. The company has a 50 day simple moving average of $97.56 and a 200 day simple moving average of $105.03. The company has a market cap of $11.35 billion, a price-to-earnings ratio of 56.10, a P/E/G ratio of 6.56 and a beta of 1.00. MakeMyTrip Limited has a 52-week low of $65.54 and a 52-week 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 return on equity of 11.46% and a net margin of 25.42%. Equities analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th.

MakeMyTrip Company 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.