Aubrey Capital Management Ltd Purchases Shares of 318,600 MakeMyTrip Limited (NASDAQ:MMYT)

Aubrey Capital Management Ltd bought a new position in MakeMyTrip Limited (NASDAQ:MMYT) in the fourth quarter, HoldingsChannel reports. The firm bought 318,600 shares of the technology company’s stock, valued at approximately $14,968,000. MakeMyTrip accounts for 6.4% of Aubrey Capital Management Ltd’s holdings, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of MMYT. Raymond James & Associates bought a new stake in shares of MakeMyTrip during the 4th quarter worth approximately $733,000. SG Americas Securities LLC lifted its stake in shares of MakeMyTrip by 478.2% during the 4th quarter. SG Americas Securities LLC now owns 51,682 shares of the technology company’s stock worth $2,428,000 after acquiring an additional 42,744 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of MakeMyTrip by 12.3% during the 4th quarter. Blue Trust Inc. now owns 7,055 shares of the technology company’s stock worth $331,000 after acquiring an additional 774 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of MakeMyTrip during the 3rd quarter worth approximately $84,983,000. Finally, American Century Companies Inc. bought a new stake in MakeMyTrip during the 3rd quarter valued at $22,602,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Down 0.1 %

Shares of NASDAQ:MMYT traded down $0.05 on Friday, reaching $67.47. The company had a trading volume of 632,044 shares, compared to its average volume of 786,164. MakeMyTrip Limited has a 52-week low of $22.62 and a 52-week high of $77.30. The firm’s 50 day simple moving average is $64.84 and its 200-day simple moving average is $52.44. The firm has a market capitalization of $7.16 billion, a PE ratio of 146.67 and a beta of 1.23. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. MakeMyTrip had a return on equity of 10.13% and a net margin of 6.93%. The business had revenue of $214.22 million for the quarter, compared to the consensus estimate of $210.01 million. As a group, analysts expect that MakeMyTrip Limited will post 0.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MMYT has been the subject of a number of research analyst reports. StockNews.com raised MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Macquarie lowered MakeMyTrip from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $50.00 to $60.00 in a research report on Wednesday, February 21st.

MakeMyTrip Company 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.