Rheos Capital Works Inc. Invests $3.72 Million in MakeMyTrip Limited (NASDAQ:MMYT)

Rheos Capital Works Inc. acquired a new stake in MakeMyTrip Limited (NASDAQ:MMYT) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 40,000 shares of the technology company’s stock, valued at approximately $3,718,000.

Other large investors also recently bought and sold shares of the company. Thornburg Investment Management Inc. raised its stake in shares of MakeMyTrip by 0.8% in the 2nd quarter. Thornburg Investment Management Inc. now owns 24,580 shares of the technology company’s stock valued at $2,100,000 after acquiring an additional 204 shares during the period. EverSource Wealth Advisors LLC increased its holdings in MakeMyTrip by 44.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company’s stock valued at $65,000 after purchasing an additional 236 shares during the last quarter. Park Place Capital Corp acquired a new stake in MakeMyTrip in the 3rd quarter valued at approximately $25,000. Bank of New York Mellon Corp raised its position in MakeMyTrip by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 30,712 shares of the technology company’s stock valued at $2,583,000 after purchasing an additional 324 shares during the period. Finally, Fifth Third Bancorp acquired a new position in MakeMyTrip during the second quarter worth $59,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Down 0.5 %

Shares of NASDAQ MMYT opened at $104.13 on Thursday. The stock has a market cap of $11.43 billion, a P/E ratio of 62.35, a PEG ratio of 5.65 and a beta of 1.28. The business’s fifty day simple moving average is $98.12 and its 200-day simple moving average is $85.76. MakeMyTrip Limited has a 12-month low of $36.81 and a 12-month high of $110.49. The company has a current ratio of 2.78, a quick ratio of 2.77 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.23. The company had revenue of $254.52 million for the quarter, compared to analyst estimates of $231.85 million. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. As a group, equities analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

MMYT has been the subject of a number of research reports. Citigroup lifted their price objective on MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. StockNews.com upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Bank of America raised their price objective on shares of MakeMyTrip from $100.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, August 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.