GSA Capital Partners LLP Invests $674,000 in MakeMyTrip Limited (NASDAQ:MMYT)

GSA Capital Partners LLP purchased a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,249 shares of the technology company’s stock, valued at approximately $674,000.

Several other institutional investors also recently bought and sold shares of the stock. Asset Management One Co. Ltd. acquired a new stake in shares of MakeMyTrip during the 3rd quarter worth approximately $9,388,000. Ground Swell Capital LLC purchased a new stake in MakeMyTrip during the third quarter worth $232,000. Van ECK Associates Corp grew its position in MakeMyTrip by 17.8% during the third quarter. Van ECK Associates Corp now owns 16,677 shares of the technology company’s stock valued at $1,653,000 after buying an additional 2,514 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in MakeMyTrip by 44.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,062 shares of the technology company’s stock valued at $23,708,000 after buying an additional 78,745 shares in the last quarter. Finally, U S Global Investors Inc. raised its position in shares of MakeMyTrip by 7.2% in the third quarter. U S Global Investors Inc. now owns 105,335 shares of the technology company’s stock worth $9,791,000 after acquiring an additional 7,114 shares during the period. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Stock Down 5.3 %

MMYT opened at $97.53 on Monday. The company has a market cap of $10.71 billion, a PE ratio of 53.30, a price-to-earnings-growth ratio of 5.48 and a beta of 1.27. MakeMyTrip Limited has a twelve month low of $41.56 and a twelve month high of $113.61. The company has a 50-day moving average price of $101.51 and a 200 day moving average price of $91.26. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10. The business had revenue of $210.99 million during the quarter, compared to analysts’ expectations of $214.90 million. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Sell-side analysts expect that MakeMyTrip Limited will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citigroup raised their target price on MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. StockNews.com raised MakeMyTrip from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Bank of America upped their target price on MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, October 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.