Edmond DE Rothschild Holding S.A. Acquires 1,933 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Edmond DE Rothschild Holding S.A. grew its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,482 shares of the technology company’s stock after acquiring an additional 1,933 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in MakeMyTrip were worth $3,198,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Citigroup Inc. lifted its position in MakeMyTrip by 154.3% during the third quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock valued at $5,588,000 after purchasing an additional 36,476 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of MakeMyTrip by 48.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,783 shares of the technology company’s stock worth $259,000 after acquiring an additional 903 shares during the last quarter. Janus Henderson Group PLC grew its position in MakeMyTrip by 1.3% in the third quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company’s stock worth $47,258,000 after acquiring an additional 6,378 shares in the last quarter. State Street Corp increased its stake in MakeMyTrip by 5.8% in the third quarter. State Street Corp now owns 106,537 shares of the technology company’s stock valued at $9,903,000 after acquiring an additional 5,814 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in MakeMyTrip during the third quarter valued at about $818,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

NASDAQ MMYT opened at $97.99 on Tuesday. The company has a 50-day simple moving average of $101.82 and a two-hundred day simple moving average of $105.30. 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 $10.76 billion, a price-to-earnings ratio of 53.26, a PEG ratio of 6.56 and a beta of 1.36. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT) last issued 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 forecast that MakeMyTrip Limited will post 1.27 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on MMYT. 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 report on Friday, December 27th. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

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.