SeaTown Holdings Pte. Ltd. Buys New Position in MakeMyTrip Limited (NASDAQ:MMYT)

SeaTown Holdings Pte. Ltd. bought a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 100,268 shares of the technology company’s stock, valued at approximately $11,258,000. MakeMyTrip accounts for approximately 7.7% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 3rd largest holding. SeaTown Holdings Pte. Ltd. owned approximately 0.09% of MakeMyTrip at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Park Place Capital Corp acquired a new stake in shares of MakeMyTrip during the third quarter worth $25,000. USA Financial Formulas acquired a new position in shares of MakeMyTrip in the 4th quarter valued at $35,000. Advisors Asset Management Inc. increased its stake in MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after purchasing an additional 225 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in MakeMyTrip by 44.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company’s stock worth $65,000 after buying an additional 236 shares during the period. Finally, D Orazio & Associates Inc. purchased a new stake in MakeMyTrip during the third quarter valued at about $210,000. 51.89% of the stock is owned by institutional investors and hedge funds.

MakeMyTrip Stock Performance

Shares of NASDAQ MMYT opened at $106.80 on Friday. The business’s 50-day simple moving average is $111.68 and its 200-day simple moving average is $101.84. MakeMyTrip Limited has a 52 week low of $47.04 and a 52 week high of $123.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 58.36, a P/E/G ratio of 5.71 and a beta of 1.29.

MakeMyTrip (NASDAQ:MMYT) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.26 by $0.10. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. The firm had revenue of $210.99 million for the quarter, compared to the consensus estimate of $214.90 million. During the same quarter last year, the firm posted $0.18 EPS. As a group, equities research analysts expect that MakeMyTrip Limited will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MMYT has been the subject of a number of research analyst reports. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Bank of America increased their price objective on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, December 27th.

MakeMyTrip Company 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.