MakeMyTrip Limited (NASDAQ:MMYT) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 9.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 44,924 shares of the technology company’s stock after buying an additional 3,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in MakeMyTrip were worth $5,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of MakeMyTrip by 51.2% during the third quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock worth $337,917,000 after buying an additional 1,230,916 shares during the period. Jennison Associates LLC boosted its position in shares of MakeMyTrip by 282.4% during the third quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock worth $215,325,000 after buying an additional 1,710,773 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of MakeMyTrip by 20.6% during the third quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock worth $58,750,000 after buying an additional 107,814 shares during the period. Janus Henderson Group PLC boosted its position in shares of MakeMyTrip by 1.3% during the third 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 during the period. Finally, Wasatch Advisors LP purchased a new position in shares of MakeMyTrip during the third quarter worth $44,521,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Down 3.7 %

MakeMyTrip stock opened at $97.87 on Monday. MakeMyTrip Limited has a 1-year low of $56.72 and a 1-year 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 cap of $10.74 billion, a PE ratio of 53.19, a P/E/G ratio of 6.56 and a beta of 1.28. The stock’s fifty day moving average is $109.86 and its two-hundred day moving average is $105.19.

MakeMyTrip (NASDAQ:MMYT) last posted 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, sell-side analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

MakeMyTrip 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.