Orion Portfolio Solutions LLC Grows Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Orion Portfolio Solutions LLC grew its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,467 shares of the technology company’s stock after acquiring an additional 2,280 shares during the period. Orion Portfolio Solutions LLC’s holdings in MakeMyTrip were worth $3,196,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MMYT. Norges Bank acquired a new position in MakeMyTrip during the fourth quarter worth $97,833,000. GQG Partners LLC purchased a new position in shares of MakeMyTrip in the fourth quarter valued at $60,465,000. Bank of New York Mellon Corp raised its stake in shares of MakeMyTrip by 939.1% during the 4th quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company’s stock worth $36,959,000 after buying an additional 297,493 shares during the last quarter. American Century Companies Inc. boosted its position in shares of MakeMyTrip by 17.4% in the 4th quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company’s stock worth $142,528,000 after buying an additional 188,234 shares in the last quarter. Finally, SeaTown Holdings Pte. Ltd. acquired a new stake in MakeMyTrip in the 4th quarter valued at about $11,258,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Trading Down 5.3 %

Shares of MMYT stock opened at $97.99 on Tuesday. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 53.26, a PEG ratio of 6.56 and a beta of 1.36. 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 firm has a 50-day moving average price of $101.82 and a 200 day moving average price of $105.30. MakeMyTrip Limited has a twelve month low of $60.55 and a twelve month high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last announced 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%. Research analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Bank of America lifted their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, December 27th. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

MakeMyTrip 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.