Natixis Advisors LLC Makes New $1.22 Million Investment in MakeMyTrip Limited (NASDAQ:MMYT)

Natixis Advisors LLC acquired a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,119 shares of the technology company’s stock, valued at approximately $1,219,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MMYT. Park Place Capital Corp bought a new position in MakeMyTrip in the 3rd quarter worth $25,000. EverSource Wealth Advisors LLC raised its stake in MakeMyTrip by 163.5% in the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock worth $35,000 after buying an additional 332 shares in the last quarter. Fifth Third Bancorp purchased a new stake in MakeMyTrip in the second quarter worth about $59,000. nVerses Capital LLC bought a new stake in MakeMyTrip during the 2nd quarter valued at approximately $143,000. Finally, LRI Investments LLC purchased a new position in shares of MakeMyTrip during the 1st quarter worth approximately $149,000. 51.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MMYT. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Bank of America boosted their target price 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 Stock Performance

Shares of NASDAQ MMYT opened at $114.25 on Wednesday. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $102.58 and its 200-day moving average price is $93.13. MakeMyTrip Limited has a 52-week low of $41.56 and a 52-week high of $114.69. The company has a market cap of $12.54 billion, a PE ratio of 62.43, a PEG ratio of 6.11 and a beta of 1.27.

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

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.