54,769 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Acquired by Tidal Investments LLC

Tidal Investments LLC purchased a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 54,769 shares of the technology company’s stock, valued at approximately $3,891,000. Tidal Investments LLC owned about 0.05% of MakeMyTrip as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Janus Henderson Group PLC raised its position in MakeMyTrip by 143.2% during the 1st quarter. Janus Henderson Group PLC now owns 458,534 shares of the technology company’s stock valued at $32,574,000 after purchasing an additional 269,988 shares in the last quarter. Bayesian Capital Management LP bought a new stake in MakeMyTrip during the 1st quarter valued at $443,000. Totem Point Management LLC bought a new stake in MakeMyTrip during the 1st quarter valued at $2,694,000. LRI Investments LLC purchased a new position in shares of MakeMyTrip in the 1st quarter valued at $149,000. Finally, MayTech Global Investments LLC increased its holdings in shares of MakeMyTrip by 2.2% in the 1st quarter. MayTech Global Investments LLC now owns 240,030 shares of the technology company’s stock valued at $17,054,000 after acquiring an additional 5,240 shares during the period. 51.89% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Magow Rajesh 7,768 shares of the company’s stock in a transaction on Monday, July 29th. The was disclosed in a filing with the SEC, which is accessible through this link. 10.30% of the stock is owned by insiders.

MakeMyTrip Stock Performance

Shares of NASDAQ:MMYT traded down $5.21 during trading on Friday, hitting $84.28. 135,047 shares of the stock traded hands, compared to its average volume of 769,274. The company has a quick ratio of 2.77, a current ratio of 2.78 and a debt-to-equity ratio of 0.19. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 53.59, a P/E/G ratio of 7.07 and a beta of 1.30. The company has a fifty day moving average price of $84.31 and a two-hundred day moving average price of $71.15. MakeMyTrip Limited has a 52-week low of $32.83 and a 52-week high of $100.22.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. The company had revenue of $202.89 million during the quarter, compared to analyst estimates of $195.15 million. MakeMyTrip had a net margin of 26.11% and a return on equity of 11.04%. As a group, equities analysts predict that MakeMyTrip Limited will post 0.98 EPS for the current year.

Analysts Set New Price Targets

MMYT has been the topic of a number of analyst reports. Bank of America lifted their price target on MakeMyTrip from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Citigroup lifted their price target on MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.67.

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.