O Neil Global Advisors Inc. Acquires Shares of 12,464 MakeMyTrip Limited (NASDAQ:MMYT)

O Neil Global Advisors Inc. bought a new position in MakeMyTrip Limited (NASDAQ:MMYT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,464 shares of the technology company’s stock, valued at approximately $1,399,000. MakeMyTrip comprises 0.4% of O Neil Global Advisors Inc.’s portfolio, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. USA Financial Formulas acquired a new stake in shares of MakeMyTrip during the 4th quarter valued at $35,000. Advisors Asset Management Inc. grew its stake in shares of MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after purchasing an additional 225 shares during the last quarter. R Squared Ltd acquired a new position in MakeMyTrip during the 4th quarter worth about $99,000. BOCHK Asset Management Ltd raised its position in shares of MakeMyTrip by 266.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock worth $124,000 after acquiring an additional 800 shares during the last quarter. Finally, D Orazio & Associates Inc. bought a new position in MakeMyTrip during the 3rd quarter worth approximately $210,000. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Stock Performance

Shares of MMYT opened at $101.44 on Friday. MakeMyTrip Limited has a 52 week low of $55.60 and a 52 week high of $123.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The stock has a 50 day moving average price of $110.24 and a two-hundred day moving average price of $104.87. The firm has a market capitalization of $11.14 billion, a P/E ratio of 55.13, a P/E/G ratio of 6.73 and a beta of 1.28.

MakeMyTrip (NASDAQ:MMYT) last posted its earnings results 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 return on equity of 11.46% and a net margin of 25.42%. Equities 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 research analysts have weighed in on MMYT shares. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America raised their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, December 27th.

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.