Massachusetts Financial Services Co. MA Raises Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Massachusetts Financial Services Co. MA raised its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 0.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 618,852 shares of the technology company’s stock after buying an additional 3,730 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in MakeMyTrip were worth $69,485,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MMYT. USA Financial Formulas purchased a new position in shares of MakeMyTrip in the 4th quarter valued at $35,000. Steward Partners Investment Advisory LLC increased its holdings in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after purchasing an additional 111 shares in the last quarter. Signaturefd LLC purchased a new position in MakeMyTrip in the fourth quarter valued at about $74,000. R Squared Ltd acquired a new position in shares of MakeMyTrip during the fourth quarter worth about $99,000. Finally, BOCHK Asset Management Ltd boosted its position in shares of MakeMyTrip by 266.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock worth $124,000 after buying an additional 800 shares during the period. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Stock Down 9.3 %

Shares of NASDAQ MMYT opened at $87.12 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. MakeMyTrip Limited has a 1 year low of $60.55 and a 1 year high of $123.00. The stock’s 50-day simple moving average is $101.07 and its 200-day simple moving average is $105.07. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 6.56 and a beta of 1.00.

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 return on equity of 11.46% and a net margin of 25.42%. As a group, equities analysts anticipate that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Bank of America boosted their price target on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, December 27th. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

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.