256,900 Shares in MakeMyTrip Limited $MMYT Purchased by Greenwoods Asset Management Hong Kong Ltd.

Greenwoods Asset Management Hong Kong Ltd. bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 256,900 shares of the technology company’s stock, valued at approximately $24,046,000. MakeMyTrip makes up 0.5% of Greenwoods Asset Management Hong Kong Ltd.’s portfolio, making the stock its 23rd largest holding. Greenwoods Asset Management Hong Kong Ltd. owned about 0.23% of MakeMyTrip as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in shares of MakeMyTrip in the second quarter valued at approximately $43,000. Jones Financial Companies Lllp boosted its holdings in MakeMyTrip by 4,420.0% during the third quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock worth $86,000 after purchasing an additional 884 shares during the last quarter. Osaic Holdings Inc. grew its position in MakeMyTrip by 10.2% in the second quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company’s stock valued at $199,000 after purchasing an additional 188 shares in the last quarter. Shilanski & Associates Inc. bought a new position in MakeMyTrip in the second quarter valued at $200,000. Finally, Paradice Investment Management LLC acquired a new stake in MakeMyTrip in the 3rd quarter valued at $201,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

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

MakeMyTrip Price Performance

Shares of MMYT opened at $56.00 on Friday. The company’s 50-day moving average is $71.48 and its 200-day moving average is $82.68. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $6.23 billion, a PE ratio of 116.67, a PEG ratio of 1.92 and a beta of 0.64. MakeMyTrip Limited has a fifty-two week low of $53.09 and a fifty-two week high of $113.85.

MakeMyTrip (NASDAQ:MMYT) last announced its earnings results on Wednesday, January 21st. The technology company reported $0.52 EPS 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 net margin of 5.46% and a return on equity of 48.06%. Equities analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current year.

About MakeMyTrip

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.