Comgest Global Investors S.A.S. Increases Holdings in MakeMyTrip Limited $MMYT

Comgest Global Investors S.A.S. grew its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 9.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 468,197 shares of the technology company’s stock after buying an additional 41,675 shares during the quarter. MakeMyTrip makes up about 0.8% of Comgest Global Investors S.A.S.’s investment portfolio, making the stock its 25th largest holding. Comgest Global Investors S.A.S. owned approximately 0.42% of MakeMyTrip worth $43,823,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in MakeMyTrip by 23.2% during the third quarter. Vanguard Group Inc. now owns 85,773 shares of the technology company’s stock valued at $8,028,000 after buying an additional 16,163 shares during the last quarter. HighTower Advisors LLC raised its position in shares of MakeMyTrip by 19.9% in the 3rd quarter. HighTower Advisors LLC now owns 50,466 shares of the technology company’s stock worth $4,724,000 after purchasing an additional 8,386 shares during the last quarter. Aberdeen Group plc boosted its stake in MakeMyTrip by 3,891.0% in the 3rd quarter. Aberdeen Group plc now owns 215,077 shares of the technology company’s stock worth $20,466,000 after purchasing an additional 209,688 shares in the last quarter. Coronation Fund Managers Ltd. boosted its stake in MakeMyTrip by 233.0% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 865,168 shares of the technology company’s stock worth $80,980,000 after purchasing an additional 605,388 shares in the last quarter. Finally, Haven Private LLC grew its position in MakeMyTrip by 7.3% during the 3rd quarter. Haven Private LLC now owns 10,061 shares of the technology company’s stock valued at $942,000 after purchasing an additional 686 shares during the last quarter. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $57.15 on Thursday. MakeMyTrip Limited has a twelve month low of $53.09 and a twelve month high of $113.85. The firm’s 50 day moving average price is $72.46 and its 200-day moving average price is $83.13. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 38.85. The stock has a market capitalization of $6.36 billion, a PE ratio of 119.06, a price-to-earnings-growth ratio of 1.95 and a beta of 0.64.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results on Wednesday, January 21st. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.09. The business had revenue of $295.70 million during the quarter, compared to the consensus estimate of $306.29 million. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%. Equities research analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current year.

Analyst Ratings Changes

MMYT has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of MakeMyTrip in a report on Tuesday, January 27th. Citigroup cut their target price on MakeMyTrip from $108.00 to $96.00 and set a “buy” rating on the stock in a research note on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating on shares of MakeMyTrip in a research note on Wednesday, December 31st. Finally, Bank of America dropped their price objective on MakeMyTrip from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, December 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.33.

MakeMyTrip Profile

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.