Robeco Institutional Asset Management B.V. Has $3.89 Million Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Robeco Institutional Asset Management B.V. lifted its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,616 shares of the technology company’s stock after acquiring an additional 400 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in MakeMyTrip were worth $3,887,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. R Squared Ltd acquired a new position in shares of MakeMyTrip during the fourth quarter worth approximately $99,000. Matthews International Capital Management LLC boosted its position in MakeMyTrip by 6.2% in the 4th quarter. Matthews International Capital Management LLC now owns 240,751 shares of the technology company’s stock valued at $27,032,000 after buying an additional 13,952 shares during the last quarter. Blue Trust Inc. increased its stake in shares of MakeMyTrip by 4.6% in the 4th quarter. Blue Trust Inc. now owns 15,064 shares of the technology company’s stock valued at $1,691,000 after buying an additional 662 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of MakeMyTrip by 15.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 42,784 shares of the technology company’s stock valued at $4,804,000 after acquiring an additional 5,787 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in MakeMyTrip by 739.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 19,585 shares of the technology company’s stock valued at $2,199,000 after acquiring an additional 17,251 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Trading Down 2.0 %

NASDAQ:MMYT opened at $109.27 on Monday. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of 59.39, a PEG ratio of 7.02 and a beta of 1.29. MakeMyTrip Limited has a 1-year low of $53.51 and a 1-year high of $123.00. The business’s 50-day moving average price is $112.15 and its two-hundred day moving average price is $103.13. 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 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. On average, equities analysts expect that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

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

About MakeMyTrip

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.