Capital World Investors Purchases 67,109 Shares of MakeMyTrip Limited $MMYT

Capital World Investors increased its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,306,699 shares of the technology company’s stock after buying an additional 67,109 shares during the period. Capital World Investors’ holdings in MakeMyTrip were worth $122,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in MakeMyTrip by 244.8% in the third quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after acquiring an additional 284 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of MakeMyTrip by 4,420.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock worth $86,000 after purchasing an additional 884 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of MakeMyTrip during the 3rd quarter worth about $168,000. Osaic Holdings Inc. raised its holdings in shares of MakeMyTrip by 10.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company’s stock valued at $199,000 after purchasing an additional 188 shares during the period. Finally, Paradice Investment Management LLC acquired a new stake in MakeMyTrip in the 3rd quarter valued at about $201,000. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Stock Performance

Shares of NASDAQ MMYT opened at $47.39 on Thursday. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.85 and a quick ratio of 1.85. The stock’s fifty day moving average price is $63.36 and its two-hundred day moving average price is $78.56. MakeMyTrip Limited has a one year low of $46.99 and a one year high of $113.85. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 98.73, a P/E/G ratio of 1.67 and a beta of 0.64.

MakeMyTrip (NASDAQ:MMYT) last posted its earnings results on Wednesday, January 21st. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. The company had revenue of $295.70 million during the quarter, compared to the consensus estimate of $306.29 million. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%. On average, equities analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup reduced their price target on MakeMyTrip from $108.00 to $96.00 and set a “buy” rating for the company in a report on Wednesday, January 21st. Bank of America dropped their price objective on MakeMyTrip from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, December 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of MakeMyTrip in a research note on Wednesday, December 31st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, MakeMyTrip presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.33.

MakeMyTrip Company Profile

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.