SBI Securities Co. Ltd. Purchases Shares of 2,011 MakeMyTrip Limited (NASDAQ:MMYT)

SBI Securities Co. Ltd. purchased a new stake in MakeMyTrip Limited (NASDAQ:MMYT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,011 shares of the technology company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. USA Financial Formulas acquired a new stake in shares of MakeMyTrip in the 4th quarter valued at $35,000. Advisors Asset Management Inc. raised its holdings in shares of MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after purchasing an additional 225 shares in the last quarter. R Squared Ltd acquired a new stake in shares of MakeMyTrip in the 4th quarter valued at $99,000. BOCHK Asset Management Ltd raised its holdings in shares of MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock valued at $124,000 after purchasing an additional 800 shares in the last quarter. Finally, Cable Hill Partners LLC acquired a new stake in shares of MakeMyTrip in the 4th quarter valued at $225,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $91.67 on Thursday. The company’s fifty day moving average price is $106.66 and its 200 day moving average price is $105.11. MakeMyTrip Limited has a 12 month low of $59.26 and a 12 month high of $123.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The firm has a market capitalization of $10.06 billion, a P/E ratio of 49.82, a P/E/G ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. As a group, sell-side analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MMYT. Bank of America raised their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

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.