MakeMyTrip Limited (NASDAQ:MMYT) Shares Purchased by Rheos Capital Works Inc.

Rheos Capital Works Inc. grew its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 237.5% during the fourth quarter, HoldingsChannel reports. The firm owned 135,000 shares of the technology company’s stock after acquiring an additional 95,000 shares during the period. Rheos Capital Works Inc.’s holdings in MakeMyTrip were worth $15,158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MMYT. Swedbank AB acquired a new position in MakeMyTrip during the fourth quarter worth $3,930,000. BOCHK Asset Management Ltd grew its holdings in shares of MakeMyTrip by 266.7% in the fourth 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 during the period. Robeco Institutional Asset Management B.V. increased its position in MakeMyTrip by 1.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock worth $3,887,000 after purchasing an additional 400 shares during the last quarter. R Squared Ltd purchased a new position in MakeMyTrip during the fourth quarter worth about $99,000. Finally, Matthews International Capital Management LLC boosted its holdings in MakeMyTrip by 6.2% in the 4th quarter. Matthews International Capital Management LLC now owns 240,751 shares of the technology company’s stock valued at $27,032,000 after purchasing an additional 13,952 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Stock Down 2.0 %

MakeMyTrip stock opened at $109.27 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a 50 day moving average price of $112.15 and a 200 day moving average price of $103.13. MakeMyTrip Limited has a fifty-two week low of $53.51 and a fifty-two week high of $123.00. The company has a market capitalization of $12.00 billion, a PE ratio of 59.39, a price-to-earnings-growth ratio of 7.05 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 the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. Research analysts expect that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Bank of America increased their price target on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th.

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.