State Street Corp Buys 5,814 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

State Street Corp increased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,537 shares of the technology company’s stock after purchasing an additional 5,814 shares during the period. State Street Corp owned approximately 0.10% of MakeMyTrip worth $9,903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC acquired a new position in shares of MakeMyTrip during the 3rd quarter worth about $1,219,000. Citigroup Inc. raised its holdings in MakeMyTrip by 154.3% during the 3rd quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock worth $5,588,000 after buying an additional 36,476 shares during the period. GSA Capital Partners LLP bought a new stake in MakeMyTrip in the 3rd quarter valued at $674,000. 1832 Asset Management L.P. bought a new stake in shares of MakeMyTrip in the second quarter valued at about $879,000. Finally, U S Global Investors Inc. lifted its stake in MakeMyTrip by 7.2% in the 3rd quarter. U S Global Investors Inc. now owns 105,335 shares of the technology company’s stock valued at $9,791,000 after acquiring an additional 7,114 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Price Performance

Shares of NASDAQ MMYT opened at $116.21 on Friday. The business’s 50 day moving average is $109.07 and its 200-day moving average is $98.34. The firm has a market cap of $12.76 billion, a P/E ratio of 63.50, a price-to-earnings-growth ratio of 6.59 and a beta of 1.27. MakeMyTrip Limited has a 1-year low of $43.31 and a 1-year high of $123.00. The company has a current ratio of 2.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.19.

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

Wall Street Analysts Forecast Growth

MMYT has been the subject of a number of recent research reports. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Bank of America upped their price objective on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

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.