Asset Management One Co. Ltd. Has $11.29 Million Position in MakeMyTrip Limited (NASDAQ:MMYT)

Asset Management One Co. Ltd. trimmed its position in MakeMyTrip Limited (NASDAQ:MMYT) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,600 shares of the technology company’s stock after selling 2,400 shares during the period. Asset Management One Co. Ltd. owned approximately 0.09% of MakeMyTrip worth $11,293,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bleakley Financial Group LLC bought a new stake in shares of MakeMyTrip in the third quarter worth about $258,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in MakeMyTrip during the 3rd quarter worth approximately $338,000. Blue Trust Inc. raised its holdings in MakeMyTrip by 48.4% during the 3rd quarter. Blue Trust Inc. now owns 14,402 shares of the technology company’s stock worth $1,339,000 after buying an additional 4,700 shares during the period. Carrhae Capital LLP raised its holdings in MakeMyTrip by 20.8% during the 3rd quarter. Carrhae Capital LLP now owns 354,959 shares of the technology company’s stock worth $32,993,000 after buying an additional 61,138 shares during the period. Finally, U S Global Investors Inc. lifted its stake in MakeMyTrip by 7.2% in the third quarter. U S Global Investors Inc. now owns 105,335 shares of the technology company’s stock valued at $9,791,000 after buying an additional 7,114 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

Analysts Set New Price Targets

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

MakeMyTrip Trading Down 0.7 %

MakeMyTrip stock opened at $103.58 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The firm has a 50-day moving average of $111.42 and a 200-day moving average of $104.68. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 56.29, a P/E/G ratio of 7.53 and a beta of 1.28. MakeMyTrip Limited has a one year low of $55.60 and a one year high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last released its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share 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%. On average, equities analysts expect that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal 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.