Marsico Capital Management LLC grew its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,160 shares of the technology company’s stock after acquiring an additional 8,056 shares during the quarter. Marsico Capital Management LLC’s holdings in MakeMyTrip were worth $1,756,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in shares of MakeMyTrip in the third quarter valued at about $108,000. Thornburg Investment Management Inc. acquired a new stake in shares of MakeMyTrip in the fourth quarter valued at about $112,000. BlackRock Inc. grew its stake in shares of MakeMyTrip by 20.5% in the fourth quarter. BlackRock Inc. now owns 4,977 shares of the technology company’s stock valued at $121,000 after buying an additional 847 shares in the last quarter. Pendal Group Ltd grew its stake in shares of MakeMyTrip by 4,612.7% in the fourth quarter. Pendal Group Ltd now owns 6,315 shares of the technology company’s stock valued at $154,000 after buying an additional 6,181 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of MakeMyTrip in the fourth quarter valued at about $400,000. Institutional investors own 45.43% of the company’s stock.
NASDAQ MMYT traded down $0.25 during mid-day trading on Friday, reaching $29.15. 3,688 shares of the company’s stock traded hands, compared to its average volume of 278,339. MakeMyTrip Limited has a 1-year low of $19.66 and a 1-year high of $41.70. The firm has a market cap of $3.00 billion, a PE ratio of -13.34 and a beta of 0.49.
MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Thursday, January 24th. The technology company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.12. MakeMyTrip had a negative return on equity of 10.90% and a negative net margin of 32.53%. The firm had revenue of $179.90 million during the quarter, compared to analyst estimates of $165.51 million. During the same quarter last year, the firm earned ($0.30) EPS. MakeMyTrip’s quarterly revenue was up 18.8% on a year-over-year basis. As a group, equities analysts anticipate that MakeMyTrip Limited will post -1.55 EPS for the current year.
MMYT has been the subject of a number of recent research reports. BidaskClub lowered MakeMyTrip from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 21st. Nomura upgraded MakeMyTrip from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, November 27th. ValuEngine upgraded MakeMyTrip from a “hold” rating to a “buy” rating in a research note on Wednesday, December 5th. Zacks Investment Research lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Saturday, December 29th. Finally, TheStreet upgraded MakeMyTrip from a “d-” rating to a “c-” rating in a research note on Monday, January 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $30.16.
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MakeMyTrip Company Profile
MakeMyTrip Ltd. is an online travel company, which engages in the ownership and operation of online brands, including MakeMyTrip, goibibo, and redbus. It offers air ticketing, hotels and packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing.
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