Thompson Siegel & Walmsley LLC raised its position in MakeMyTrip Limited (NASDAQ:MMYT) by 37.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,300 shares of the technology company’s stock after purchasing an additional 5,300 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in MakeMyTrip Limited were worth $648,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Baillie Gifford & Co. purchased a new position in shares of MakeMyTrip Limited during the 1st quarter worth $80,600,000. Janus Capital Management LLC raised its holdings in shares of MakeMyTrip Limited by 2.1% during the 1st quarter. Janus Capital Management LLC now owns 2,209,098 shares of the technology company’s stock worth $76,435,000 after acquiring an additional 44,839 shares during the period. JHL Capital Group LLC acquired a new stake in shares of MakeMyTrip Limited during the 1st quarter worth about $43,250,000. Soros Fund Management LLC increased its position in shares of MakeMyTrip Limited by 12.6% during the 1st quarter. Soros Fund Management LLC now owns 769,358 shares of the technology company’s stock worth $26,620,000 after purchasing an additional 85,900 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of MakeMyTrip Limited during the 2nd quarter worth about $25,187,000. Institutional investors own 43.27% of the company’s stock.
A number of analysts recently issued reports on MMYT shares. Zacks Investment Research downgraded MakeMyTrip Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. ValuEngine raised MakeMyTrip Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised MakeMyTrip Limited from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. TheStreet raised MakeMyTrip Limited from a “d” rating to a “c-” rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC downgraded MakeMyTrip Limited from a “buy” rating to a “hold” rating and lifted their target price for the company from $19.80 to $32.00 in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. MakeMyTrip Limited currently has an average rating of “Hold” and a consensus target price of $32.30.
MakeMyTrip Limited (NASDAQ:MMYT) opened at 34.00 on Friday. The firm’s market capitalization is $3.31 billion. MakeMyTrip Limited has a 12 month low of $19.49 and a 12 month high of $40.90. The stock’s 50 day moving average price is $32.18 and its 200-day moving average price is $33.65.
MakeMyTrip Limited (NASDAQ:MMYT) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.47) by ($0.14). MakeMyTrip Limited had a negative return on equity of 16.91% and a negative net margin of 31.64%. The business had revenue of $141.21 million for the quarter, compared to analyst estimates of $110.67 million. During the same period in the prior year, the firm posted ($0.73) EPS. MakeMyTrip Limited’s revenue for the quarter was up 139.9% on a year-over-year basis. On average, analysts forecast that MakeMyTrip Limited will post ($2.20) earnings per share for the current year.
About MakeMyTrip Limited
MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.
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