Blue Trust Inc. Buys 662 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Blue Trust Inc. boosted its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,064 shares of the technology company’s stock after purchasing an additional 662 shares during the quarter. Blue Trust Inc.’s holdings in MakeMyTrip were worth $1,691,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MMYT. FMR LLC grew its position in shares of MakeMyTrip by 51.2% during the 3rd quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock worth $337,917,000 after buying an additional 1,230,916 shares during the period. Jennison Associates LLC boosted its stake in MakeMyTrip by 282.4% during the 3rd quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock worth $215,325,000 after acquiring an additional 1,710,773 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in MakeMyTrip by 20.6% during the third quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock valued at $58,750,000 after purchasing an additional 107,814 shares during the period. Janus Henderson Group PLC grew its holdings in MakeMyTrip by 1.3% during the third quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company’s stock valued at $47,258,000 after purchasing an additional 6,378 shares during the period. Finally, Wasatch Advisors LP acquired a new stake in MakeMyTrip in the third quarter worth $44,521,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analyst Upgrades and Downgrades

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

MakeMyTrip Trading Down 4.6 %

Shares of NASDAQ:MMYT opened at $104.06 on Tuesday. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 56.86, a PEG ratio of 5.55 and a beta of 1.29. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 12 month low of $49.97 and a 12 month high of $123.00. The company’s fifty day simple moving average is $111.92 and its 200 day simple moving average is $102.54.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. As a group, research analysts forecast that MakeMyTrip Limited will post 1.29 EPS for the current fiscal 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.