MakeMyTrip Limited (NASDAQ:MMYT) is New Vernon Capital Holdings II LLC’s 8th Largest Position

New Vernon Capital Holdings II LLC grew its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 56.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 52,488 shares of the technology company’s stock after acquiring an additional 19,011 shares during the quarter. MakeMyTrip comprises 3.4% of New Vernon Capital Holdings II LLC’s investment portfolio, making the stock its 8th biggest holding. New Vernon Capital Holdings II LLC’s holdings in MakeMyTrip were worth $5,893,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MMYT. Steward Partners Investment Advisory LLC increased its position in shares of 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 purchasing an additional 111 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in MakeMyTrip by 3.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 4,419 shares of the technology company’s stock worth $496,000 after buying an additional 142 shares during the last quarter. USA Financial Formulas acquired a new position in MakeMyTrip during the fourth quarter worth approximately $35,000. Robeco Institutional Asset Management B.V. lifted its stake in MakeMyTrip by 1.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock valued at $3,887,000 after buying an additional 400 shares during the last quarter. Finally, Csenge Advisory Group boosted its holdings in shares of MakeMyTrip by 11.3% in the fourth quarter. Csenge Advisory Group now owns 4,159 shares of the technology company’s stock valued at $467,000 after acquiring an additional 421 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Price Performance

MakeMyTrip stock opened at $106.00 on Friday. The business has a 50 day simple moving average of $97.44 and a 200-day simple moving average of $104.91. MakeMyTrip Limited has a 12 month low of $64.30 and a 12 month high of $123.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The stock has a market capitalization of $11.64 billion, a PE ratio of 57.61, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00.

MakeMyTrip (NASDAQ:MMYT) last released its earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Equities analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

MMYT has been the subject of a number of recent research reports. Bank of America increased their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock 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 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.