Sei Investments Co. Has $38.60 Million Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Sei Investments Co. lifted its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 39.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 458,962 shares of the technology company’s stock after buying an additional 130,424 shares during the quarter. Sei Investments Co. owned about 0.42% of MakeMyTrip worth $38,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in MakeMyTrip by 163.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock worth $35,000 after purchasing an additional 332 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of MakeMyTrip during the second quarter worth $59,000. nVerses Capital LLC acquired a new position in shares of MakeMyTrip during the second quarter valued at $143,000. LRI Investments LLC bought a new position in MakeMyTrip in the first quarter valued at about $149,000. Finally, Catalytic Wealth RIA LLC acquired a new stake in MakeMyTrip in the fourth quarter worth about $207,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Trading Up 1.6 %

NASDAQ:MMYT opened at $110.24 on Tuesday. The business’s 50-day simple moving average is $95.05 and its 200-day simple moving average is $82.06. MakeMyTrip Limited has a fifty-two week low of $36.81 and a fifty-two week high of $110.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.78 and a quick ratio of 2.77. The stock has a market capitalization of $12.10 billion, a PE ratio of 66.01, a price-to-earnings-growth ratio of 5.33 and a beta of 1.28.

MakeMyTrip (NASDAQ:MMYT) last released its earnings results on Tuesday, July 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.23. The firm had revenue of $254.52 million during the quarter, compared to analysts’ expectations of $231.85 million. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. Sell-side analysts expect that MakeMyTrip Limited will post 1.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MMYT. Citigroup increased their price objective on shares of MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. StockNews.com raised MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Bank of America boosted their price objective on shares of MakeMyTrip from $100.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, August 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.