Rheos Capital Works Inc. Grows Position in MakeMyTrip Limited (NASDAQ:MMYT)

Rheos Capital Works Inc. boosted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 237.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,000 shares of the technology company's stock after purchasing an additional 95,000 shares during the quarter. Rheos Capital Works Inc. owned about 0.12% of MakeMyTrip worth $15,158,000 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. Park Place Capital Corp bought a new stake in MakeMyTrip during the third quarter worth approximately $25,000. USA Financial Formulas bought a new position in MakeMyTrip during the fourth quarter valued at $35,000. Advisors Asset Management Inc. lifted 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. R Squared Ltd purchased a new position in shares of MakeMyTrip during the 4th quarter worth about $99,000. Finally, BOCHK Asset Management Ltd grew its holdings in MakeMyTrip by 266.7% during the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock valued at $124,000 after purchasing an additional 800 shares during the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. Bank of America boosted their price objective 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.

MakeMyTrip Stock Down 2.7 %

NASDAQ MMYT traded down $3.30 on Thursday, reaching $116.56. 162,431 shares of the stock traded hands, compared to its average volume of 769,444. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 63.35, a PEG ratio of 7.05 and a beta of 1.29. 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 12 month low of $55.40 and a 12 month high of $123.00. The company has a fifty day moving average price of $112.50 and a 200-day moving average price of $103.80.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (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%. As a group, research analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

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.