Wasatch Advisors LP Grows Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Wasatch Advisors LP raised its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 534,342 shares of the technology company's stock after purchasing an additional 55,361 shares during the quarter. Wasatch Advisors LP owned 0.49% of MakeMyTrip worth $59,996,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rheos Capital Works Inc. boosted its position in shares of MakeMyTrip by 237.5% in the 4th quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company's stock valued at $15,158,000 after purchasing an additional 95,000 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in MakeMyTrip during the third quarter worth about $1,134,000. New York State Common Retirement Fund lifted its position in shares of MakeMyTrip by 100.2% during the fourth 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 in the last quarter. Geode Capital Management LLC lifted its holdings in MakeMyTrip by 7.7% in the third quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company's stock valued at $25,397,000 after buying an additional 19,471 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in MakeMyTrip by 9.2% in the fourth quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company's stock worth $5,044,000 after purchasing an additional 3,800 shares during the period. Institutional investors own 51.89% of the company's stock.

MakeMyTrip Stock Performance

Shares of MakeMyTrip stock traded down $3.17 on Monday, reaching $100.13. 82,684 shares of the company traded hands, compared to its average volume of 853,892. MakeMyTrip Limited has a 52 week low of $60.77 and a 52 week high of $123.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The company has a 50 day moving average of $97.50 and a 200 day moving average of $104.84. The firm has a market capitalization of $10.99 billion, a PE ratio of 54.42, a PEG ratio of 6.56 and a beta of 1.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its 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%. Equities analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

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

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.