Martin Currie Ltd. Invests $45.97 Million in MakeMyTrip Limited (NASDAQ:MMYT)

Martin Currie Ltd. acquired a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 409,389 shares of the technology company’s stock, valued at approximately $45,966,000. MakeMyTrip comprises about 1.7% of Martin Currie Ltd.’s investment portfolio, making the stock its 23rd largest holding. Martin Currie Ltd. owned 0.37% of MakeMyTrip as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. USA Financial Formulas purchased a new stake in shares of MakeMyTrip during the fourth quarter worth about $35,000. Advisors Asset Management Inc. grew its stake in MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after acquiring an additional 225 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after acquiring an additional 111 shares during the last quarter. Signaturefd LLC acquired a new position in MakeMyTrip in the 4th quarter valued at $74,000. Finally, R Squared Ltd purchased a new position in shares of MakeMyTrip during the 4th quarter worth $99,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Price Performance

MMYT stock opened at $103.51 on Friday. The company has a market cap of $11.36 billion, a PE ratio of 56.26, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $102.00 and a two-hundred day moving average price of $105.28. MakeMyTrip Limited has a 12-month low of $60.55 and a 12-month high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last posted its earnings results 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 11.46% and a net margin of 25.42%. As a group, research analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on MMYT shares. Bank of America lifted their price target on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

About MakeMyTrip

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.