MakeMyTrip Limited (NASDAQ:MMYT) Shares Purchased by Axiom Investors LLC DE

Axiom Investors LLC DE raised its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 3.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 641,230 shares of the technology company’s stock after buying an additional 18,489 shares during the period. Axiom Investors LLC DE’s holdings in MakeMyTrip were worth $71,997,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MMYT. Rheos Capital Works Inc. lifted its holdings in shares of MakeMyTrip by 237.5% in the 4th quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company’s stock worth $15,158,000 after purchasing an additional 95,000 shares during the last quarter. Citigroup Inc. raised its position in MakeMyTrip by 154.3% in the third quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock worth $5,588,000 after acquiring an additional 36,476 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in MakeMyTrip in the third quarter worth approximately $1,134,000. New York State Common Retirement Fund lifted its holdings in shares of MakeMyTrip by 100.2% during the fourth quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company’s stock valued at $11,372,000 after purchasing an additional 50,689 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of MakeMyTrip by 7.7% in the third quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company’s stock valued at $25,397,000 after purchasing an additional 19,471 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Price Performance

MakeMyTrip stock opened at $103.51 on Monday. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 56.26, a P/E/G ratio of 6.56 and a beta of 1.36. The business’s 50-day simple moving average is $102.00 and its 200 day simple moving average is $105.32. MakeMyTrip Limited has a 12-month low of $60.55 and a 12-month high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings data 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, research analysts anticipate that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

MMYT has been the subject of several recent research reports. Bank of America increased their price objective on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a research 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.