Ninety One UK Ltd Has $5.15 Million Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Ninety One UK Ltd raised its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 741.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 45,823 shares of the technology company’s stock after purchasing an additional 40,375 shares during the quarter. Ninety One UK Ltd’s holdings in MakeMyTrip were worth $5,145,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MMYT. Jennison Associates LLC raised its stake in MakeMyTrip by 282.4% in the third quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock valued at $215,325,000 after buying an additional 1,710,773 shares during the period. FMR LLC raised its stake in MakeMyTrip by 51.2% in the third quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock valued at $337,917,000 after buying an additional 1,230,916 shares during the period. Wasatch Advisors LP bought a new stake in MakeMyTrip in the third quarter valued at approximately $44,521,000. The Manufacturers Life Insurance Company raised its stake in MakeMyTrip by 20.6% in the third 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 during the period. Finally, Asset Management One Co. Ltd. bought a new stake in MakeMyTrip in the third quarter valued at approximately $9,388,000. Institutional investors own 51.89% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on MMYT shares. Bank of America upped their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, December 27th. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

MakeMyTrip Price Performance

Shares of NASDAQ MMYT opened at $119.85 on Thursday. The firm has a market cap of $13.16 billion, a P/E ratio of 65.14, a price-to-earnings-growth ratio of 7.05 and a beta of 1.29. 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 Limited has a 1-year low of $54.94 and a 1-year high of $123.00. The business’s 50 day moving average is $112.39 and its 200-day moving average is $103.69.

MakeMyTrip (NASDAQ:MMYT) 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 research analysts predict that MakeMyTrip Limited will post 1.27 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.