William Blair Investment Management LLC Raises Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

William Blair Investment Management LLC lifted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 935,751 shares of the technology company’s stock after buying an additional 34,919 shares during the period. William Blair Investment Management LLC owned about 0.85% of MakeMyTrip worth $105,066,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rheos Capital Works Inc. raised its stake in shares of MakeMyTrip by 237.5% during the 4th quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company’s stock worth $15,158,000 after buying an additional 95,000 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of MakeMyTrip during the 3rd quarter worth approximately $1,219,000. Citigroup Inc. raised its stake in shares of MakeMyTrip by 154.3% during the 3rd quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock worth $5,588,000 after buying an additional 36,476 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of MakeMyTrip during the 3rd quarter worth approximately $1,134,000. Finally, GSA Capital Partners LLP purchased a new position in shares of MakeMyTrip during the 3rd quarter worth approximately $674,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

MakeMyTrip Stock Performance

MMYT opened at $96.03 on Tuesday. The stock’s 50 day simple moving average is $102.73 and its 200 day simple moving average is $104.78. The stock has a market cap of $10.54 billion, a P/E ratio of 52.19, a P/E/G ratio of 6.56 and a beta of 1.36. 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 Limited has a 1-year low of $60.55 and a 1-year high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last announced its earnings results on Thursday, January 23rd. The technology company reported $0.32 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%. As a group, equities analysts anticipate that MakeMyTrip Limited will post 1.27 EPS for the current fiscal 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.