U S Global Investors Inc. Has $9.79 Million Stake in MakeMyTrip Limited (NASDAQ:MMYT)

U S Global Investors Inc. raised its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,335 shares of the technology company’s stock after buying an additional 7,114 shares during the period. MakeMyTrip accounts for about 0.9% of U S Global Investors Inc.’s portfolio, making the stock its 24th largest holding. U S Global Investors Inc. owned about 0.10% of MakeMyTrip worth $9,791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Park Place Capital Corp bought a new stake in shares of MakeMyTrip in the 3rd quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its position in shares of MakeMyTrip by 163.5% in the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock valued at $35,000 after buying an additional 332 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of MakeMyTrip during the 2nd quarter worth approximately $59,000. nVerses Capital LLC acquired a new position in shares of MakeMyTrip during the 2nd quarter worth approximately $143,000. Finally, LRI Investments LLC bought a new stake in MakeMyTrip in the 1st quarter valued at $149,000. 51.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

MakeMyTrip Stock Down 0.1 %

Shares of NASDAQ:MMYT traded down $0.07 during trading on Tuesday, reaching $104.52. 44,297 shares of the stock were exchanged, compared to its average volume of 737,894. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 62.63, a price-to-earnings-growth ratio of 5.65 and a beta of 1.28. The stock has a fifty day moving average of $98.69 and a two-hundred day moving average of $86.52. MakeMyTrip Limited has a 1-year low of $36.81 and a 1-year high of $110.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.78 and a quick ratio of 2.77.

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

MakeMyTrip 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.