River & Mercantile Asset Management LLP boosted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 21.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,712 shares of the technology company’s stock after acquiring an additional 35,408 shares during the period. River & Mercantile Asset Management LLP owned about 0.20% of MakeMyTrip worth $5,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of MMYT. Renaissance Technologies LLC acquired a new stake in MakeMyTrip in the 3rd quarter valued at $2,442,000. GAM Holding AG grew its stake in MakeMyTrip by 14.4% in the 3rd quarter. GAM Holding AG now owns 19,375 shares of the technology company’s stock valued at $532,000 after acquiring an additional 2,442 shares during the period. William Blair Investment Management LLC grew its stake in MakeMyTrip by 4.1% in the 3rd quarter. William Blair Investment Management LLC now owns 1,021,932 shares of the technology company’s stock valued at $28,052,000 after acquiring an additional 40,295 shares during the period. Baillie Gifford & Co. grew its stake in MakeMyTrip by 0.4% in the 3rd quarter. Baillie Gifford & Co. now owns 2,587,819 shares of the technology company’s stock valued at $71,036,000 after acquiring an additional 11,434 shares during the period. Finally, Brown Advisory Inc. grew its stake in MakeMyTrip by 37.3% in the 3rd quarter. Brown Advisory Inc. now owns 1,437,327 shares of the technology company’s stock valued at $39,454,000 after acquiring an additional 390,180 shares during the period. Institutional investors own 44.31% of the company’s stock.
Shares of MMYT stock opened at $23.72 on Friday. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of -10.88 and a beta of 0.02. MakeMyTrip Limited has a fifty-two week low of $20.82 and a fifty-two week high of $41.70.
MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings data on Thursday, October 25th. The technology company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.03). The firm had revenue of $160.10 million during the quarter. MakeMyTrip had a negative net margin of 32.59% and a negative return on equity of 11.27%. As a group, equities research analysts forecast that MakeMyTrip Limited will post -1.5 earnings per share for the current fiscal year.
MMYT has been the topic of a number of research analyst reports. Jefferies Financial Group raised shares of MakeMyTrip from a “hold” rating to a “buy” rating and set a $19.80 price target on the stock in a research note on Wednesday, August 15th. ValuEngine upgraded MakeMyTrip from a “hold” rating to a “buy” rating in a report on Monday, October 29th. Goldman Sachs Group upgraded MakeMyTrip from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $40.00 to $33.00 in a report on Friday, October 26th. Bank of America raised their price objective on MakeMyTrip from $39.50 to $40.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Finally, Zacks Investment Research upgraded MakeMyTrip from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $31.13.
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MakeMyTrip Limited, an online travel company, engages in the business of selling travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, China, Colombia, and Peru. It operates through two segments, Air Ticketing, and Hotels and Packages. The company's services and products include air tickets, hotels, packages, rail tickets, bus tickets, and car hire, as well as ancillary travel requirements, such as facilitating access to travel insurance and visa processing.
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