New York State Common Retirement Fund Boosts Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

New York State Common Retirement Fund raised its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 100.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 101,279 shares of the technology company’s stock after acquiring an additional 50,689 shares during the period. New York State Common Retirement Fund’s holdings in MakeMyTrip were worth $11,372,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Csenge Advisory Group grew its holdings in MakeMyTrip by 11.3% during the fourth quarter. Csenge Advisory Group now owns 4,159 shares of the technology company’s stock worth $467,000 after acquiring an additional 421 shares during the period. Triasima Portfolio Management inc. acquired a new stake in shares of MakeMyTrip during the 4th quarter worth approximately $2,259,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of MakeMyTrip by 21.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,397 shares of the technology company’s stock valued at $494,000 after purchasing an additional 762 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of MakeMyTrip by 17.7% in the 4th quarter. Bleakley Financial Group LLC now owns 3,272 shares of the technology company’s stock valued at $367,000 after purchasing an additional 493 shares during the period. Finally, Ninety One UK Ltd boosted its holdings in MakeMyTrip by 741.1% during the fourth quarter. Ninety One UK Ltd now owns 45,823 shares of the technology company’s stock worth $5,145,000 after buying an additional 40,375 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Trading Up 2.3 %

Shares of NASDAQ:MMYT opened at $100.11 on Tuesday. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 54.41, a price-to-earnings-growth ratio of 6.56 and a beta of 1.29. The business’s 50 day moving average price is $109.51 and its 200-day moving average price is $105.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. MakeMyTrip Limited has a 1 year low of $56.90 and a 1 year high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. On average, equities research analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on MMYT. Bank of America lifted their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

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.