Fmr LLC Buys 158,101 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Fmr LLC increased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,793,574 shares of the technology company’s stock after acquiring an additional 158,101 shares during the quarter. Fmr LLC owned approximately 3.46% of MakeMyTrip worth $425,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. USA Financial Formulas bought a new position in MakeMyTrip during the fourth quarter worth $35,000. Steward Partners Investment Advisory LLC boosted its stake in MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after acquiring an additional 111 shares in the last quarter. Signaturefd LLC bought a new position in MakeMyTrip during the fourth quarter worth $74,000. R Squared Ltd bought a new position in MakeMyTrip during the fourth quarter worth $99,000. Finally, BOCHK Asset Management Ltd lifted its stake in shares of MakeMyTrip by 266.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock valued at $124,000 after buying an additional 800 shares in the last quarter. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Stock Up 11.2 %

MakeMyTrip stock opened at $98.01 on Thursday. 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 firm’s fifty day moving average price is $99.53 and its two-hundred day moving average price is $104.56. MakeMyTrip Limited has a 1-year low of $60.55 and a 1-year high of $123.00. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 53.27, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly 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 net margin of 25.42% and a return on equity of 11.46%. On average, equities research analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Bank of America raised their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research note 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.