Haven Private LLC Invests $953,000 in MakeMyTrip Limited (NASDAQ:MMYT)

Haven Private LLC bought a new position in MakeMyTrip Limited (NASDAQ:MMYT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,490 shares of the technology company’s stock, valued at approximately $953,000.

A number of other hedge funds have also made changes to their positions in MMYT. 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 acquiring an additional 1,230,916 shares during the period. Jennison Associates LLC increased its stake in 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 purchasing an additional 1,710,773 shares in the last quarter. The Manufacturers Life Insurance Company increased 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 acquiring an additional 107,814 shares in the last quarter. Janus Henderson Group PLC grew its position in 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 purchasing an additional 6,378 shares in the last quarter. Finally, Wasatch Advisors LP acquired a new stake in MakeMyTrip in the third quarter valued at $44,521,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

NASDAQ:MMYT opened at $87.05 on Friday. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 47.31, a PEG ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a 1-year low of $59.51 and a 1-year high of $123.00. The business has a 50 day moving average of $106.07 and a 200 day moving average of $104.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (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%. On average, sell-side analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MMYT shares. StockNews.com cut shares of 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 shares of 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.