MakeMyTrip Limited (NASDAQ:MMYT) Shares Bought by New Vernon Capital Holdings II LLC

New Vernon Capital Holdings II LLC lifted its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 56.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,488 shares of the technology company’s stock after purchasing an additional 19,011 shares during the quarter. MakeMyTrip comprises about 3.4% of New Vernon Capital Holdings II LLC’s investment portfolio, making the stock its 8th largest position. New Vernon Capital Holdings II LLC’s holdings in MakeMyTrip were worth $5,893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. State Street Corp boosted its position in MakeMyTrip by 5.8% during the third quarter. State Street Corp now owns 106,537 shares of the technology company’s stock worth $9,903,000 after purchasing an additional 5,814 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of MakeMyTrip by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company’s stock worth $25,397,000 after buying an additional 19,471 shares during the last quarter. Virtu Financial LLC boosted its position in shares of MakeMyTrip by 338.3% in the 3rd quarter. Virtu Financial LLC now owns 11,593 shares of the technology company’s stock worth $1,078,000 after buying an additional 8,948 shares in the last quarter. Tidal Investments LLC grew its stake in MakeMyTrip by 5.9% in the 3rd quarter. Tidal Investments LLC now owns 39,981 shares of the technology company’s stock valued at $3,716,000 after acquiring an additional 2,221 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in MakeMyTrip during the 3rd quarter valued at about $1,134,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Trading Up 2.8 %

MakeMyTrip stock opened at $106.00 on Friday. The stock has a market cap of $11.64 billion, a PE ratio of 57.61, a P/E/G ratio of 6.56 and a beta of 1.00. 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 stock has a 50-day moving average price of $97.44 and a 200 day moving average price of $104.91. MakeMyTrip Limited has a 52 week low of $64.30 and a 52 week high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. Equities research analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MMYT has been the topic of several recent research reports. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America upped their target price on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, December 27th.

MakeMyTrip 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.