MakeMyTrip Limited (NASDAQ:MMYT) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 20.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 632,062 shares of the technology company’s stock after purchasing an additional 107,814 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in MakeMyTrip were worth $58,750,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of MMYT. Baillie Gifford & Co. boosted its holdings in MakeMyTrip by 85.7% during the second quarter. Baillie Gifford & Co. now owns 4,072,452 shares of the technology company’s stock worth $342,493,000 after buying an additional 1,879,726 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of MakeMyTrip by 282.4% during the third quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock valued at $215,325,000 after purchasing an additional 1,710,773 shares during the last quarter. Marshall Wace LLP boosted its position in shares of MakeMyTrip by 129.2% in the 2nd quarter. Marshall Wace LLP now owns 956,172 shares of the technology company’s stock valued at $80,414,000 after purchasing an additional 539,067 shares during the period. William Blair Investment Management LLC increased its stake in MakeMyTrip by 54.5% in the 2nd quarter. William Blair Investment Management LLC now owns 1,099,062 shares of the technology company’s stock worth $92,431,000 after purchasing an additional 387,695 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in MakeMyTrip by 143.2% during the 1st quarter. Janus Henderson Group PLC now owns 458,534 shares of the technology company’s stock worth $32,574,000 after buying an additional 269,988 shares during the period. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Trading Down 0.1 %

NASDAQ:MMYT opened at $114.11 on Thursday. The stock’s 50-day moving average is $102.75 and its two-hundred day moving average is $93.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. The stock has a market cap of $12.53 billion, a PE ratio of 62.36, a price-to-earnings-growth ratio of 6.18 and a beta of 1.27. MakeMyTrip Limited has a fifty-two week low of $41.56 and a fifty-two week high of $114.92.

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

Wall Street Analyst Weigh In

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

MakeMyTrip 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.