Massachusetts Financial Services Co. MA Raises Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Massachusetts Financial Services Co. MA increased its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 618,852 shares of the technology company’s stock after purchasing an additional 3,730 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.56% of MakeMyTrip worth $69,485,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in MakeMyTrip by 48.0% during the third quarter. BNP Paribas Financial Markets now owns 2,783 shares of the technology company’s stock worth $259,000 after purchasing an additional 903 shares during the last quarter. State Street Corp increased its position in shares of MakeMyTrip by 5.8% in the third quarter. State Street Corp now owns 106,537 shares of the technology company’s stock valued at $9,903,000 after buying an additional 5,814 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of MakeMyTrip during the 3rd quarter worth $818,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of MakeMyTrip in the 3rd quarter worth about $858,000. Finally, Geode Capital Management LLC grew its stake in MakeMyTrip by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company’s stock valued at $25,397,000 after acquiring an additional 19,471 shares during the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Trading Down 9.3 %

MakeMyTrip stock opened at $87.12 on Friday. The stock has a market cap of $9.56 billion, a PE ratio of 47.35, a P/E/G ratio of 6.56 and a beta of 1.00. 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 stock has a 50-day moving average price of $101.07 and a 200 day moving average price of $105.07. MakeMyTrip Limited has a 52 week low of $60.55 and a 52 week high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data 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 net margin of 25.42% and a return on equity of 11.46%. Equities research analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MMYT. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America lifted their price objective on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, December 27th.

MakeMyTrip Company 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.