Schroder Investment Management Group Boosts Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Schroder Investment Management Group boosted its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 3.6% in the 4th quarter, HoldingsChannel reports. The fund owned 4,118,898 shares of the technology company’s stock after acquiring an additional 141,507 shares during the quarter. Schroder Investment Management Group’s holdings in MakeMyTrip were worth $462,470,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rheos Capital Works Inc. grew its stake in shares of MakeMyTrip by 237.5% during the 4th quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company’s stock worth $15,158,000 after purchasing an additional 95,000 shares during the period. Citigroup Inc. increased its holdings in MakeMyTrip by 154.3% in the third quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock valued at $5,588,000 after buying an additional 36,476 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of MakeMyTrip during the 3rd quarter valued at approximately $1,134,000. New York State Common Retirement Fund lifted its position in shares of MakeMyTrip by 100.2% during the 4th quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company’s stock valued at $11,372,000 after acquiring an additional 50,689 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of MakeMyTrip by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company’s stock worth $25,397,000 after acquiring an additional 19,471 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Bank of America raised their price target on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, December 27th.

MakeMyTrip Trading Down 2.3 %

Shares of MMYT opened at $103.51 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. MakeMyTrip Limited has a 1-year low of $60.55 and a 1-year high of $123.00. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 56.26, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. The firm has a 50 day simple moving average of $102.00 and a 200-day simple moving average of $105.28.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results 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 return on equity of 11.46% and a net margin of 25.42%. Equities analysts forecast that MakeMyTrip Limited will post 1.27 EPS 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.