Martin Currie Ltd. Acquires Shares of 409,389 MakeMyTrip Limited (NASDAQ:MMYT)

Martin Currie Ltd. bought a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 409,389 shares of the technology company’s stock, valued at approximately $45,966,000. MakeMyTrip makes up approximately 1.7% of Martin Currie Ltd.’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. USA Financial Formulas acquired a new stake in MakeMyTrip during the 4th quarter valued at approximately $35,000. Steward Partners Investment Advisory LLC boosted its stake in shares of MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after buying an additional 111 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of MakeMyTrip by 100.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after buying an additional 225 shares during the last quarter. Signaturefd LLC acquired a new stake in shares of MakeMyTrip during the fourth quarter worth approximately $74,000. Finally, R Squared Ltd bought a new stake in shares of MakeMyTrip in the fourth quarter worth $99,000. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Stock Performance

MMYT stock opened at $103.51 on Friday. The stock’s 50 day simple moving average is $102.00 and its 200 day simple moving average is $105.28. MakeMyTrip Limited has a 12-month low of $60.55 and a 12-month high of $123.00. The firm has a market cap of $11.36 billion, a P/E ratio of 56.26, a P/E/G ratio of 6.56 and a beta of 1.36. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share 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 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Bank of America increased their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, December 27th.

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.