Steward Partners Investment Advisory LLC Purchases 111 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Steward Partners Investment Advisory LLC raised its position in MakeMyTrip Limited (NASDAQ:MMYT) by 41.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 379 shares of the technology company’s stock after purchasing an additional 111 shares during the period. Steward Partners Investment Advisory LLC’s holdings in MakeMyTrip were worth $43,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. FMR LLC increased 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 purchasing an additional 1,230,916 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of 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. The Manufacturers Life Insurance Company boosted its holdings in shares of 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. Janus Henderson Group PLC boosted its holdings in shares of MakeMyTrip by 1.3% in the third quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company’s stock valued at $47,258,000 after buying an additional 6,378 shares during the period. Finally, Wasatch Advisors LP acquired a new position in shares of MakeMyTrip in the third quarter valued at approximately $44,521,000. Institutional investors own 51.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America increased their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th.

MakeMyTrip Stock Performance

NASDAQ MMYT opened at $95.76 on Wednesday. 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 $102.38 and its two-hundred day moving average price is $104.77. 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 $10.51 billion, a P/E ratio of 52.04, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (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%. As a group, research analysts anticipate that MakeMyTrip Limited will post 1.27 EPS 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.