River & Mercantile Asset Management LLP increased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 43.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286,985 shares of the technology company’s stock after purchasing an additional 86,273 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in MakeMyTrip were worth $6,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Thornburg Investment Management Inc. bought a new position in shares of MakeMyTrip during the fourth quarter valued at $112,000. BlackRock Inc. lifted its holdings in shares of MakeMyTrip by 20.5% during the fourth quarter. BlackRock Inc. now owns 4,977 shares of the technology company’s stock valued at $121,000 after purchasing an additional 847 shares in the last quarter. Pendal Group Ltd lifted its holdings in shares of MakeMyTrip by 4,612.7% during the fourth quarter. Pendal Group Ltd now owns 6,315 shares of the technology company’s stock valued at $154,000 after purchasing an additional 6,181 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of MakeMyTrip during the fourth quarter valued at $400,000. Finally, GAM Holding AG lifted its holdings in MakeMyTrip by 14.4% in the third quarter. GAM Holding AG now owns 19,375 shares of the technology company’s stock valued at $532,000 after acquiring an additional 2,442 shares during the period. 45.71% of the stock is currently owned by hedge funds and other institutional investors.

MMYT stock traded down $0.22 during trading on Monday, reaching $25.14. The stock had a trading volume of 6,947 shares, compared to its average volume of 298,958. MakeMyTrip Limited has a 52 week low of $19.66 and a 52 week high of $41.70. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -11.30 and a beta of 0.49.

MakeMyTrip (NASDAQ:MMYT) last posted its earnings results on Thursday, January 24th. The technology company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.12. MakeMyTrip had a negative return on equity of 10.90% and a negative net margin of 32.53%. The company had revenue of $179.90 million for the quarter, compared to the consensus estimate of $165.51 million. During the same quarter in the prior year, the company earned ($0.30) earnings per share. MakeMyTrip’s revenue was up 18.8% on a year-over-year basis. On average, sell-side analysts anticipate that MakeMyTrip Limited will post -1.55 EPS for the current year.

A number of research analysts have weighed in on the company. ValuEngine raised MakeMyTrip from a “hold” rating to a “buy” rating in a report on Wednesday, March 6th. Zacks Investment Research raised MakeMyTrip from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, BidaskClub downgraded MakeMyTrip from a “buy” rating to a “hold” rating in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. MakeMyTrip presently has an average rating of “Hold” and a consensus price target of $30.16.

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MakeMyTrip Profile

MakeMyTrip Ltd. is an online travel company, which engages in the ownership and operation of online brands, including MakeMyTrip, goibibo, and redbus. It offers air ticketing, hotels and packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing.

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Institutional Ownership by Quarter for MakeMyTrip (NASDAQ:MMYT)

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