MakeMyTrip Limited (NASDAQ:MMYT) Holdings Lifted by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC grew its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 0.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,280 shares of the technology company’s stock after purchasing an additional 175 shares during the quarter. Harbour Capital Advisors LLC’s holdings in MakeMyTrip were worth $2,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MMYT. Bleakley Financial Group LLC acquired a new stake in MakeMyTrip in the third quarter worth about $258,000. Rheos Capital Works Inc. bought a new stake in shares of MakeMyTrip during the 3rd quarter worth about $3,718,000. Exchange Traded Concepts LLC raised its position in shares of MakeMyTrip by 5.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 36,997 shares of the technology company’s stock worth $3,439,000 after buying an additional 1,901 shares in the last quarter. Park Place Capital Corp acquired a new stake in shares of MakeMyTrip in the 3rd quarter worth approximately $25,000. Finally, Driehaus Capital Management LLC boosted its holdings in shares of MakeMyTrip by 51.2% in the second quarter. Driehaus Capital Management LLC now owns 26,466 shares of the technology company’s stock valued at $2,226,000 after acquiring an additional 8,957 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citigroup upped their target price on MakeMyTrip from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Bank of America raised their target price on MakeMyTrip from $100.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Finally, StockNews.com upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $102.55 on Friday. The company’s fifty day moving average is $98.30 and its two-hundred day moving average is $85.87. The company has a market cap of $11.26 billion, a P/E ratio of 61.41, a price-to-earnings-growth ratio of 5.65 and a beta of 1.28. MakeMyTrip Limited has a 12-month low of $36.81 and a 12-month high of $110.49. The company has a quick ratio of 2.77, a current ratio of 2.78 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.23. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. The firm had revenue of $254.52 million during the quarter, compared to the consensus estimate of $231.85 million. Equities analysts expect 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.