JHL Capital Group LLC Has $55.56 Million Stake in MakeMyTrip Limited (MMYT)
JHL Capital Group LLC grew its position in MakeMyTrip Limited (NASDAQ:MMYT) by 32.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,656,000 shares of the technology company’s stock after purchasing an additional 406,000 shares during the period. MakeMyTrip Limited makes up approximately 11.1% of JHL Capital Group LLC’s investment portfolio, making the stock its 2nd largest holding. JHL Capital Group LLC owned 3.14% of MakeMyTrip Limited worth $55,559,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. increased its position in shares of MakeMyTrip Limited by 12.7% in the second quarter. D.A. Davidson & CO. now owns 3,553 shares of the technology company’s stock valued at $119,000 after acquiring an additional 399 shares during the last quarter. Credit Suisse AG acquired a new stake in shares of MakeMyTrip Limited in the first quarter valued at about $242,000. Airain ltd acquired a new stake in shares of MakeMyTrip Limited in the second quarter valued at about $256,000. California Public Employees Retirement System acquired a new stake in shares of MakeMyTrip Limited in the second quarter valued at about $262,000. Finally, KCG Holdings Inc. acquired a new stake in shares of MakeMyTrip Limited in the first quarter valued at about $280,000. Institutional investors own 43.28% of the company’s stock.
MakeMyTrip Limited (NASDAQ:MMYT) remained flat at $28.85 during trading on Friday. 418,134 shares of the company traded hands. MakeMyTrip Limited has a 52-week low of $19.75 and a 52-week high of $40.90. The company’s market capitalization is $2.81 billion. The company has a 50-day moving average of $31.25 and a 200 day moving average of $33.30.
MakeMyTrip Limited (NASDAQ:MMYT) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by ($0.14). MakeMyTrip Limited had a negative return on equity of 16.91% and a negative net margin of 31.64%. The company had revenue of $141.21 million for the quarter, compared to analysts’ expectations of $110.67 million. During the same quarter in the previous year, the business earned ($0.73) EPS. The company’s revenue for the quarter was up 139.9% on a year-over-year basis. On average, equities research analysts predict that MakeMyTrip Limited will post ($2.14) earnings per share for the current fiscal year.
A number of analysts recently issued reports on MMYT shares. BidaskClub downgraded MakeMyTrip Limited from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded MakeMyTrip Limited from a “buy” rating to a “sell” rating in a research report on Wednesday, July 5th. TheStreet raised MakeMyTrip Limited from a “d” rating to a “c-” rating in a research report on Tuesday, July 25th. Jefferies Group LLC downgraded MakeMyTrip Limited from a “buy” rating to a “hold” rating and lifted their target price for the company from $19.80 to $32.00 in a research report on Thursday, August 10th. Finally, UBS AG downgraded MakeMyTrip Limited from a “buy” rating to a “sell” rating and set a $30.00 target price on the stock. in a research report on Wednesday, September 20th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. MakeMyTrip Limited has an average rating of “Hold” and a consensus target price of $29.97.
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About MakeMyTrip Limited
MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.
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