Arrowstreet Capital Limited Partnership Makes New $939,000 Investment in MakeMyTrip Limited (NASDAQ:MMYT)

Arrowstreet Capital Limited Partnership bought a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,365 shares of the technology company’s stock, valued at approximately $939,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MMYT. USA Financial Formulas bought a new position in shares of MakeMyTrip during the 4th quarter worth approximately $35,000. Steward Partners Investment Advisory LLC grew its holdings in MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after purchasing an additional 111 shares during the last quarter. Signaturefd LLC acquired a new position in shares of MakeMyTrip during the fourth quarter worth $74,000. R Squared Ltd purchased a new stake in shares of MakeMyTrip during the 4th quarter valued at $99,000. Finally, BOCHK Asset Management Ltd boosted its position 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 purchasing an additional 800 shares in the last quarter. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Trading Up 4.1 %

Shares of MakeMyTrip stock opened at $97.88 on Friday. MakeMyTrip Limited has a 12-month low of $60.55 and a 12-month high of $123.00. The firm’s 50 day simple moving average is $98.64 and its two-hundred day simple moving average is $104.40. 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 firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 53.20, a PEG ratio of 6.56 and a beta of 1.00.

MakeMyTrip (NASDAQ:MMYT) last released its earnings results 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%. Analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MMYT. Bank of America upped their target price on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, December 27th. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

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.