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MakeMyTrip Limited (NASDAQ:MMYT) Shares Purchased by Fisher Asset Management LLC

MakeMyTrip logo with Computer and Technology background

Fisher Asset Management LLC raised its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 29.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,606 shares of the technology company's stock after purchasing an additional 21,733 shares during the period. Fisher Asset Management LLC owned 0.09% of MakeMyTrip worth $4,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. FIL Ltd raised its stake in shares of MakeMyTrip by 1.2% in the fourth quarter. FIL Ltd now owns 6,125,434 shares of the technology company's stock valued at $287,773,000 after acquiring an additional 74,951 shares during the period. MayTech Global Investments LLC raised its position in MakeMyTrip by 0.6% in the 4th quarter. MayTech Global Investments LLC now owns 234,790 shares of the technology company's stock worth $11,030,000 after purchasing an additional 1,388 shares during the period. Strategic Global Advisors LLC bought a new stake in MakeMyTrip in the fourth quarter worth about $327,000. Schroder Investment Management Group boosted its position in shares of MakeMyTrip by 39.2% during the fourth quarter. Schroder Investment Management Group now owns 2,607,916 shares of the technology company's stock valued at $122,520,000 after buying an additional 734,336 shares during the period. Finally, Epoch Investment Partners Inc. bought a new position in shares of MakeMyTrip during the fourth quarter valued at approximately $2,017,000. 51.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Friday, May 24th.


Get Our Latest Stock Analysis on MMYT

MakeMyTrip Trading Down 2.0 %

Shares of NASDAQ MMYT traded down $1.63 during mid-day trading on Friday, reaching $80.55. The company had a trading volume of 645,597 shares, compared to its average volume of 773,168. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 48.23, a price-to-earnings-growth ratio of 5.43 and a beta of 1.28. MakeMyTrip Limited has a 52 week low of $25.75 and a 52 week high of $89.83. The business's 50-day moving average is $74.87 and its 200-day moving average is $62.63. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its earnings results on Wednesday, May 15th. The technology company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.10. The business had revenue of $202.89 million for the quarter, compared to the consensus estimate of $195.15 million. MakeMyTrip had a net margin of 27.70% and a return on equity of 10.66%. Equities analysts expect that MakeMyTrip Limited will post 1.31 earnings per share for the current year.

About MakeMyTrip

(Free Report)

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.

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Institutional Ownership by Quarter for MakeMyTrip (NASDAQ:MMYT)

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