E Fund Management Co. Ltd. acquired a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,146 shares of the technology company's stock, valued at approximately $353,000.
A number of other hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of MakeMyTrip during the 4th quarter valued at $1,605,000. Aigen Investment Management LP bought a new position in MakeMyTrip in the 4th quarter worth $507,000. Atria Investments Inc bought a new position in MakeMyTrip in the 4th quarter worth $249,000. NewSquare Capital LLC boosted its holdings in MakeMyTrip by 4.7% in the 4th quarter. NewSquare Capital LLC now owns 68,690 shares of the technology company's stock worth $7,713,000 after buying an additional 3,102 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 51.89% of the company's stock.
MMYT opened at $87.11 on Friday. The firm has a 50-day simple moving average of $105.52 and a two-hundred day simple moving average of $104.99. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $9.56 billion, a PE ratio of 47.34, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a 52 week low of $59.51 and a 52 week high of $123.00.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its 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 net margin of 25.42% and a return on equity of 11.46%. Analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.
MMYT has been the subject of several research reports. Bank of America increased their price objective on shares of 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.
Get Our Latest Research Report on MMYT
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider MakeMyTrip, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MakeMyTrip wasn't on the list.
While MakeMyTrip currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.