C WorldWide Group Holding A S Invests $2.26 Million in MakeMyTrip Limited (NASDAQ:MMYT)

C WorldWide Group Holding A S purchased a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 48,000 shares of the technology company's stock, valued at approximately $2,255,000.

Several other hedge funds have also added to or reduced their stakes in MMYT. SG Americas Securities LLC acquired a new position in MakeMyTrip in the 3rd quarter valued at $362,000. Exchange Traded Concepts LLC raised its holdings in MakeMyTrip by 55.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 19,691 shares of the technology company's stock valued at $798,000 after acquiring an additional 7,019 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in MakeMyTrip in the 3rd quarter valued at $4,052,000. Calamos Wealth Management LLC acquired a new position in MakeMyTrip in the 3rd quarter valued at $1,202,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in MakeMyTrip in the 3rd quarter valued at $288,000. 51.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MMYT shares. Macquarie cut MakeMyTrip from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from $50.00 to $60.00 in a report on Wednesday, February 21st. StockNews.com raised MakeMyTrip from a "sell" rating to a "hold" rating in a report on Wednesday, January 24th.

MakeMyTrip Price Performance

Shares of MakeMyTrip stock traded down $0.05 during trading on Friday, reaching $67.47. 632,044 shares of the company's stock were exchanged, compared to its average volume of 786,164. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53. MakeMyTrip Limited has a 1-year low of $22.62 and a 1-year high of $77.30. The company has a market cap of $7.16 billion, a P/E ratio of 146.67 and a beta of 1.23. The firm's 50-day moving average price is $64.84 and its 200 day moving average price is $52.51.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The technology company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. MakeMyTrip had a return on equity of 10.13% and a net margin of 6.93%. The company had revenue of $214.22 million during the quarter, compared to analysts' expectations of $210.01 million. As a group, research analysts anticipate that MakeMyTrip Limited will post 0.84 earnings per share for the current 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.