MakeMyTrip Limited (NASDAQ:MMYT) Holdings Lifted by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,503,980 shares of the technology company’s stock after acquiring an additional 13,157 shares during the period. Franklin Resources Inc. owned about 1.37% of MakeMyTrip worth $168,867,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MMYT. BNP Paribas Financial Markets lifted its position in shares of MakeMyTrip by 48.0% in the third quarter. BNP Paribas Financial Markets now owns 2,783 shares of the technology company’s stock worth $259,000 after purchasing an additional 903 shares in the last quarter. Janus Henderson Group PLC lifted its position in MakeMyTrip by 1.3% in the 3rd quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company’s stock worth $47,258,000 after buying an additional 6,378 shares in the last quarter. State Street Corp boosted its stake in shares of MakeMyTrip by 5.8% during the 3rd quarter. State Street Corp now owns 106,537 shares of the technology company’s stock valued at $9,903,000 after buying an additional 5,814 shares during the period. XTX Topco Ltd purchased a new position in shares of MakeMyTrip during the 3rd quarter valued at $818,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of MakeMyTrip in the third quarter worth $858,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Trading Up 2.3 %

Shares of NASDAQ:MMYT opened at $101.39 on Thursday. MakeMyTrip Limited has a 1 year low of $60.55 and a 1 year high of $123.00. The firm has a fifty day moving average price of $101.78 and a 200 day moving average price of $105.24. 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 market capitalization of $11.13 billion, a PE ratio of 55.10, a P/E/G ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 EPS 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%. Analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

MMYT has been the topic of a number of recent research reports. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Bank of America boosted their price target on 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.