MakeMyTrip Limited (NASDAQ:MMYT) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 3.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 935,751 shares of the technology company’s stock after acquiring an additional 34,919 shares during the period. William Blair Investment Management LLC’s holdings in MakeMyTrip were worth $105,066,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. USA Financial Formulas purchased a new position in shares of MakeMyTrip in the 4th quarter worth $35,000. Advisors Asset Management Inc. raised its position in shares of MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after buying an additional 225 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after buying an additional 111 shares during the period. Signaturefd LLC purchased a new position in shares of MakeMyTrip in the 4th quarter worth $74,000. Finally, R Squared Ltd purchased a new position in shares of MakeMyTrip in the 4th quarter worth $99,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analyst Ratings Changes

MMYT has been the topic of several research reports. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research 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 report on Friday, December 27th.

MakeMyTrip Trading Up 2.1 %

NASDAQ:MMYT opened at $96.03 on Tuesday. The business’s 50-day moving average is $102.73 and its two-hundred day moving average is $104.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. MakeMyTrip Limited has a 12 month low of $60.55 and a 12 month high of $123.00. The firm has a market capitalization of $10.54 billion, a PE ratio of 52.19, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last announced its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Research analysts predict that MakeMyTrip Limited will post 1.27 earnings per share 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.