SBI Securities Co. Ltd. Acquires Shares of 2,011 MakeMyTrip Limited (NASDAQ:MMYT)

SBI Securities Co. Ltd. acquired a new stake in MakeMyTrip Limited (NASDAQ:MMYT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,011 shares of the technology company’s stock, valued at approximately $226,000.

Other institutional investors also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in MakeMyTrip in the fourth quarter valued at $35,000. Advisors Asset Management Inc. increased its stake in MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after purchasing an additional 225 shares during the period. R Squared Ltd acquired a new position in MakeMyTrip in the fourth quarter valued at $99,000. BOCHK Asset Management Ltd increased its stake in MakeMyTrip by 266.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock valued at $124,000 after purchasing an additional 800 shares during the period. Finally, Cable Hill Partners LLC purchased a new stake in shares of MakeMyTrip in the fourth quarter valued at about $225,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America lifted their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th.

MakeMyTrip Stock Down 1.9 %

Shares of NASDAQ:MMYT opened at $91.67 on Thursday. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 49.82, a PEG ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a fifty-two week low of $59.26 and a fifty-two week high of $123.00. The firm’s 50-day simple moving average is $106.66 and its 200-day simple moving average is $105.11. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings data 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 return on equity of 11.46% and a net margin of 25.42%. As a group, equities research analysts predict that MakeMyTrip Limited will post 1.27 earnings per share 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.