R Squared Ltd Makes New $99,000 Investment in MakeMyTrip Limited (NASDAQ:MMYT)

R Squared Ltd purchased a new stake in MakeMyTrip Limited (NASDAQ:MMYT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 880 shares of the technology company’s stock, valued at approximately $99,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MMYT. Jennison Associates LLC lifted its position in shares of MakeMyTrip by 282.4% during the 3rd quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock valued at $215,325,000 after acquiring an additional 1,710,773 shares during the period. FMR LLC boosted its position in shares of MakeMyTrip by 51.2% during the 3rd quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock worth $337,917,000 after purchasing an additional 1,230,916 shares in the last quarter. Wasatch Advisors LP acquired a new stake in shares of MakeMyTrip in the 3rd quarter valued at about $44,521,000. The Manufacturers Life Insurance Company increased its position in MakeMyTrip by 20.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock valued at $58,750,000 after buying an additional 107,814 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in MakeMyTrip in the third quarter worth approximately $9,388,000. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Stock Up 2.3 %

MMYT stock opened at $111.25 on Friday. The firm has a market capitalization of $12.21 billion, a PE ratio of 60.79, a P/E/G ratio of 5.55 and a beta of 1.29. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a twelve month low of $53.51 and a twelve month high of $123.00. The stock’s 50 day moving average is $112.10 and its 200-day moving average is $102.83.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. Sell-side analysts expect that MakeMyTrip Limited will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MMYT shares. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America upped their price objective 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 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.