Exchange Traded Concepts LLC Purchases 5,787 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Exchange Traded Concepts LLC boosted its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 15.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 42,784 shares of the technology company’s stock after buying an additional 5,787 shares during the quarter. Exchange Traded Concepts LLC’s holdings in MakeMyTrip were worth $4,804,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MMYT. FMR LLC increased its holdings in MakeMyTrip by 51.2% in the third quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock valued at $337,917,000 after purchasing an additional 1,230,916 shares during the last quarter. Jennison Associates LLC grew its position in shares of MakeMyTrip by 282.4% during the 3rd quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock worth $215,325,000 after buying an additional 1,710,773 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of MakeMyTrip by 20.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock valued at $58,750,000 after acquiring an additional 107,814 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of MakeMyTrip by 1.3% in the 3rd quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company’s stock valued at $47,258,000 after acquiring an additional 6,378 shares during the period. Finally, Wasatch Advisors LP bought a new position in MakeMyTrip during the 3rd quarter worth approximately $44,521,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Bank of America upped their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, December 27th. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday.

MakeMyTrip Stock Performance

Shares of MMYT opened at $109.07 on Friday. The firm’s 50 day moving average price is $111.92 and its two-hundred day moving average price is $102.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. MakeMyTrip Limited has a twelve month low of $47.52 and a twelve month high of $123.00. The firm has a market cap of $11.97 billion, a P/E ratio of 59.60, a PEG ratio of 5.55 and a beta of 1.29.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. On average, analysts forecast that MakeMyTrip Limited will post 1.29 EPS for the current fiscal year.

MakeMyTrip Company 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.