Driehaus Capital Management LLC Acquires 117,664 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Driehaus Capital Management LLC grew its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 173.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 185,677 shares of the technology company's stock after purchasing an additional 117,664 shares during the quarter. Driehaus Capital Management LLC owned approximately 0.17% of MakeMyTrip worth $20,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MMYT. USA Financial Formulas purchased a new stake in MakeMyTrip in the 4th quarter worth approximately $35,000. Steward Partners Investment Advisory LLC lifted its stake in MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after acquiring an additional 111 shares during the period. Signaturefd LLC bought a new stake in MakeMyTrip in the fourth quarter valued at $74,000. R Squared Ltd purchased a new position in MakeMyTrip during the 4th quarter valued at $99,000. Finally, BOCHK Asset Management Ltd raised its holdings in MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock worth $124,000 after purchasing an additional 800 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

MakeMyTrip Stock Down 1.7%

MakeMyTrip stock traded down $1.83 during trading hours on Wednesday, hitting $104.76. The stock had a trading volume of 403,304 shares, compared to its average volume of 726,843. The stock has a market capitalization of $11.50 billion, a P/E ratio of 56.94, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a 12-month low of $72.55 and a 12-month 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. The stock's 50-day moving average price is $100.21 and its 200-day moving average price is $105.32.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.08). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. Equities research analysts anticipate 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.