Jupiter Asset Management Ltd. Makes New $8.87 Million Investment in MakeMyTrip Limited (NASDAQ:MMYT)

Jupiter Asset Management Ltd. bought a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 79,011 shares of the technology company’s stock, valued at approximately $8,871,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted its stake in MakeMyTrip by 57.8% during the 4th quarter. HighTower Advisors LLC now owns 72,186 shares of the technology company’s stock worth $8,105,000 after purchasing an additional 26,431 shares during the last quarter. Haven Private LLC acquired a new position in shares of MakeMyTrip during the 4th quarter valued at about $953,000. E Fund Management Co. Ltd. acquired a new position in shares of MakeMyTrip during the 4th quarter valued at about $353,000. Raymond James Financial Inc. acquired a new position in shares of MakeMyTrip during the 4th quarter valued at about $1,605,000. Finally, Aigen Investment Management LP acquired a new position in shares of MakeMyTrip during the 4th quarter valued at about $507,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Down 0.7 %

Shares of MMYT opened at $92.38 on Friday. The firm has a market cap of $10.14 billion, a P/E ratio of 50.21, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a 12-month low of $60.55 and a 12-month high of $123.00. The company’s 50-day moving average price is $103.63 and its 200 day moving average price is $104.70. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data 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%. On average, sell-side analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on MMYT shares. Bank of America boosted 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 lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

About MakeMyTrip

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.