Amundi raised its position in MakeMyTrip Limited (NASDAQ:MMYT – Get Rating) by 7.7% in the 2nd quarter, Holdings Channel reports. The firm owned 742,959 shares of the technology company’s stock after buying an additional 53,025 shares during the period. Amundi’s holdings in MakeMyTrip were worth $19,704,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Brown Advisory Inc. increased its stake in MakeMyTrip by 20.2% in the second quarter. Brown Advisory Inc. now owns 4,096,660 shares of the technology company’s stock valued at $105,235,000 after purchasing an additional 689,397 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of MakeMyTrip by 6.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,736,562 shares of the technology company’s stock worth $100,252,000 after acquiring an additional 217,242 shares in the last quarter. Capital International Investors increased its position in shares of MakeMyTrip by 1.3% during the first quarter. Capital International Investors now owns 3,330,246 shares of the technology company’s stock worth $89,351,000 after acquiring an additional 42,862 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of MakeMyTrip by 4.5% during the second quarter. Baillie Gifford & Co. now owns 2,618,235 shares of the technology company’s stock worth $67,236,000 after acquiring an additional 113,556 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of MakeMyTrip by 4.8% during the first quarter. Jennison Associates LLC now owns 1,330,709 shares of the technology company’s stock worth $35,703,000 after acquiring an additional 61,408 shares in the last quarter. Institutional investors own 39.99% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on MMYT shares. JPMorgan Chase & Co. started coverage on shares of MakeMyTrip in a research report on Wednesday, September 14th. They set an “overweight” rating and a $44.00 price objective for the company. Macquarie began coverage on shares of MakeMyTrip in a research report on Tuesday, August 30th. They set an “outperform” rating and a $42.00 price objective for the company. StockNews.com upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Friday, November 4th. Morgan Stanley upgraded shares of MakeMyTrip from an “equal weight” rating to an “overweight” rating and set a $36.00 target price for the company in a report on Thursday, December 8th. Finally, Bank of America upgraded shares of MakeMyTrip from a “neutral” rating to a “buy” rating and increased their target price for the stock from $33.00 to $40.00 in a report on Tuesday, August 30th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.00.
MakeMyTrip Stock Performance
Shares of MMYT stock opened at $29.04 on Tuesday. The stock has a market cap of $3.06 billion, a P/E ratio of -107.56 and a beta of 1.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.72 and a quick ratio of 2.72. The company has a fifty day moving average price of $28.68 and a two-hundred day moving average price of $29.52. MakeMyTrip Limited has a one year low of $20.06 and a one year high of $34.68.
MakeMyTrip (NASDAQ:MMYT – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $131.25 million during the quarter, compared to analyst estimates of $121.75 million. MakeMyTrip had a negative net margin of 6.32% and a negative return on equity of 3.42%. As a group, equities analysts predict that MakeMyTrip Limited will post -0.17 EPS for the current 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.
See Also
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