MakeMyTrip Limited (NASDAQ:MMYT) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 29.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,606 shares of the technology company’s stock after acquiring an additional 21,733 shares during the quarter. Fisher Asset Management LLC owned 0.09% of MakeMyTrip worth $4,445,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. FMR LLC grew its position in MakeMyTrip by 378.4% during the 3rd quarter. FMR LLC now owns 2,620,190 shares of the technology company’s stock worth $106,170,000 after purchasing an additional 2,072,504 shares during the period. Artisan Partners Limited Partnership raised its position in MakeMyTrip by 64.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 3,455,196 shares of the technology company’s stock valued at $162,325,000 after acquiring an additional 1,357,884 shares in the last quarter. Invesco Ltd. lifted its holdings in MakeMyTrip by 5,372.8% in the third quarter. Invesco Ltd. now owns 974,489 shares of the technology company’s stock valued at $39,486,000 after acquiring an additional 956,683 shares during the period. Schroder Investment Management Group increased its holdings in shares of MakeMyTrip by 39.2% during the 4th quarter. Schroder Investment Management Group now owns 2,607,916 shares of the technology company’s stock valued at $122,520,000 after purchasing an additional 734,336 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of MakeMyTrip in the 3rd quarter valued at $22,602,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Down 0.2 %

Shares of MMYT opened at $82.18 on Friday. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The firm has a market cap of $8.72 billion, a P/E ratio of 49.21, a PEG ratio of 5.43 and a beta of 1.28. The stock’s 50 day moving average is $74.63 and its two-hundred day moving average is $62.38. MakeMyTrip Limited has a 12 month low of $25.75 and a 12 month high of $89.83.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Wednesday, May 15th. The technology company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. MakeMyTrip had a net margin of 27.70% and a return on equity of 10.66%. The company had revenue of $202.89 million during the quarter, compared to analysts’ expectations of $195.15 million. Analysts predict that MakeMyTrip Limited will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Friday, May 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.