Aigen Investment Management LP Purchases Shares of 4,513 MakeMyTrip Limited (NASDAQ:MMYT)

Aigen Investment Management LP purchased a new stake in MakeMyTrip Limited (NASDAQ:MMYT) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,513 shares of the technology company’s stock, valued at approximately $507,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. USA Financial Formulas purchased a new position in shares of MakeMyTrip in the 4th quarter worth $35,000. Steward Partners Investment Advisory LLC grew its stake in shares of MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after buying an additional 111 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after buying an additional 225 shares in the last quarter. R Squared Ltd purchased a new position in shares of MakeMyTrip in the 4th quarter worth $99,000. Finally, BOCHK Asset Management Ltd grew its stake in shares of MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock worth $124,000 after buying an additional 800 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MMYT has been the subject of a number of recent analyst reports. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Bank of America lifted their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, December 27th.

MakeMyTrip Price Performance

MMYT stock opened at $87.11 on Friday. MakeMyTrip Limited has a 12 month low of $59.51 and a 12 month high of $123.00. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $105.52 and a 200 day moving average price of $104.91. The stock has a market cap of $9.56 billion, a PE ratio of 47.34, a P/E/G ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. Equities research analysts anticipate that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

About MakeMyTrip

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.