American Century Companies Inc. Increases Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

American Century Companies Inc. grew its position in MakeMyTrip Limited (NASDAQ:MMYT) by 17.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,269,394 shares of the technology company’s stock after buying an additional 188,234 shares during the quarter. American Century Companies Inc. owned 1.16% of MakeMyTrip worth $142,528,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in shares of MakeMyTrip by 51.2% during the third quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock valued at $337,917,000 after acquiring an additional 1,230,916 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of MakeMyTrip by 3.9% during the fourth quarter. William Blair Investment Management LLC now owns 935,751 shares of the technology company’s stock valued at $105,066,000 after acquiring an additional 34,919 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of MakeMyTrip by 20.6% during the third 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 boosted its stake in shares of MakeMyTrip by 1.3% during the third 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 last quarter. Finally, Wasatch Advisors LP acquired a new stake in shares of MakeMyTrip during the third quarter valued at $44,521,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Bank of America increased their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, December 27th.

MakeMyTrip Stock Up 1.2 %

Shares of NASDAQ:MMYT opened at $101.06 on Monday. The stock’s 50-day moving average price is $101.78 and its two-hundred day moving average price is $104.93. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 12-month low of $60.55 and a 12-month high of $123.00. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 54.92, a PEG ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings results 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 11.46% and a net margin of 25.42%. On average, research analysts forecast that MakeMyTrip Limited will post 1.27 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.