MakeMyTrip Limited (NASDAQ:MMYT) Stake Lifted by Matthews International Capital Management LLC

Matthews International Capital Management LLC boosted its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 6.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 240,751 shares of the technology company’s stock after acquiring an additional 13,952 shares during the quarter. MakeMyTrip comprises about 5.5% of Matthews International Capital Management LLC’s portfolio, making the stock its 8th largest position. Matthews International Capital Management LLC’s holdings in MakeMyTrip were worth $27,032,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harbour Capital Advisors LLC grew its stake in shares of MakeMyTrip by 0.9% during the 3rd quarter. Harbour Capital Advisors LLC now owns 20,280 shares of the technology company’s stock valued at $2,008,000 after buying an additional 175 shares during the period. Caprock Group LLC boosted its holdings in MakeMyTrip by 6.4% in the third quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock valued at $346,000 after acquiring an additional 224 shares during the last quarter. Advisors Asset Management Inc. grew its position in MakeMyTrip by 100.9% during the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after acquiring an additional 225 shares during the period. Park Place Capital Corp acquired a new stake in MakeMyTrip during the third quarter worth about $25,000. Finally, USA Financial Formulas purchased a new position in shares of MakeMyTrip in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MMYT. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday. Bank of America boosted their price objective 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.

MakeMyTrip Price Performance

Shares of NASDAQ MMYT opened at $104.06 on Tuesday. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 56.86, a PEG ratio of 5.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. MakeMyTrip Limited has a 1-year low of $49.97 and a 1-year high of $123.00. The business has a 50-day moving average of $111.92 and a 200-day moving average of $102.54.

MakeMyTrip (NASDAQ:MMYT) last released 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 11.54% and a net margin of 26.64%. On average, equities analysts anticipate that MakeMyTrip Limited will post 1.29 EPS for the current fiscal 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.