MakeMyTrip Limited (NASDAQ:MMYT) Shares Bought by Citigroup Inc.

Citigroup Inc. boosted its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 154.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 60,123 shares of the technology company’s stock after purchasing an additional 36,476 shares during the period. Citigroup Inc. owned approximately 0.05% of MakeMyTrip worth $5,588,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC acquired a new stake in MakeMyTrip in the 3rd quarter valued at $1,219,000. GSA Capital Partners LLP purchased a new position in MakeMyTrip during the third quarter valued at $674,000. Vanguard Group Inc. acquired a new stake in shares of MakeMyTrip in the first quarter valued at about $2,317,000. 1832 Asset Management L.P. purchased a new stake in shares of MakeMyTrip during the second quarter worth about $879,000. Finally, U S Global Investors Inc. raised its position in shares of MakeMyTrip by 7.2% during the 3rd quarter. U S Global Investors Inc. now owns 105,335 shares of the technology company’s stock worth $9,791,000 after purchasing an additional 7,114 shares during the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Up 0.6 %

MMYT stock opened at $114.74 on Monday. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 62.70, a price-to-earnings-growth ratio of 6.45 and a beta of 1.27. The company has a fifty day moving average price of $103.02 and a 200 day moving average price of $93.87. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. MakeMyTrip Limited has a 12 month low of $41.56 and a 12 month high of $116.00.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (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 during the quarter, compared to analysts’ expectations of $214.90 million. During the same period in the prior year, the company posted $0.18 earnings per share. Sell-side analysts expect that MakeMyTrip Limited will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on MMYT. Bank of America lifted their target price on shares of MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th.

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.