13,119 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Bought by Natixis Advisors LLC

Natixis Advisors LLC acquired a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 13,119 shares of the technology company’s stock, valued at approximately $1,219,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tidal Investments LLC purchased a new stake in MakeMyTrip in the first quarter worth $3,891,000. GSA Capital Partners LLP purchased a new position in MakeMyTrip in the 3rd quarter worth about $674,000. Vanguard Group Inc. bought a new stake in MakeMyTrip during the 1st quarter valued at about $2,317,000. 1832 Asset Management L.P. purchased a new stake in MakeMyTrip in the 2nd quarter valued at about $879,000. Finally, U S Global Investors Inc. grew its stake in MakeMyTrip by 7.2% in the 3rd quarter. U S Global Investors Inc. now owns 105,335 shares of the technology company’s stock worth $9,791,000 after acquiring an additional 7,114 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Analysts Set New Price Targets

MMYT has been the subject of several research analyst reports. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Bank of America lifted their target price on MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.

MakeMyTrip Trading Up 4.0 %

NASDAQ MMYT opened at $114.25 on Wednesday. MakeMyTrip Limited has a one year low of $41.56 and a one year high of $114.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 62.43, a price-to-earnings-growth ratio of 6.11 and a beta of 1.27. The company’s 50-day simple moving average is $102.58 and its two-hundred day simple moving average is $93.13.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. The company had revenue of $210.99 million during the quarter, compared to the consensus estimate of $214.90 million. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Equities analysts forecast that MakeMyTrip Limited will post 1.29 EPS for the current fiscal year.

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.