Allianz Asset Management GmbH Acquires 673 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Allianz Asset Management GmbH increased its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,316 shares of the technology company’s stock after acquiring an additional 673 shares during the period. Allianz Asset Management GmbH’s holdings in MakeMyTrip were worth $35,853,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MMYT. Caprock Group LLC raised its stake in shares of MakeMyTrip by 6.4% in the third quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock worth $346,000 after purchasing an additional 224 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in MakeMyTrip by 100.9% during the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after buying an additional 225 shares in the last quarter. USA Financial Formulas purchased a new stake in MakeMyTrip in the 4th quarter valued at $35,000. Robeco Institutional Asset Management B.V. raised its position in MakeMyTrip by 1.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock valued at $3,887,000 after buying an additional 400 shares during the last quarter. Finally, Csenge Advisory Group lifted its stake in MakeMyTrip by 11.3% during the 4th quarter. Csenge Advisory Group now owns 4,159 shares of the technology company’s stock valued at $467,000 after acquiring an additional 421 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

Analysts Set New Price Targets

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

MakeMyTrip Stock Down 3.7 %

MMYT stock opened at $97.87 on Monday. The stock has a market cap of $10.74 billion, a P/E ratio of 53.19, a P/E/G ratio of 6.56 and a beta of 1.28. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $109.86 and its two-hundred day simple moving average is $105.19. MakeMyTrip Limited has a 1-year low of $56.72 and a 1-year high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last issued 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 return on equity of 11.46% and a net margin of 25.42%. Analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current year.

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.