Vanguard Group Inc. Invests $2.32 Million in MakeMyTrip Limited (NASDAQ:MMYT)

Vanguard Group Inc. bought a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the 1st quarter, Holdings Channel reports. The firm bought 32,615 shares of the technology company’s stock, valued at approximately $2,317,000.

Other large investors also recently made changes to their positions in the company. USA Financial Formulas bought a new stake in shares of MakeMyTrip during the fourth quarter worth $50,000. HMS Capital Management LLC acquired a new position in shares of MakeMyTrip during the first quarter valued at $231,000. Oppenheimer & Co. Inc. acquired a new position in shares of MakeMyTrip during the first quarter valued at $283,000. Precision Wealth Strategies LLC acquired a new position in shares of MakeMyTrip during the first quarter valued at $284,000. Finally, Catalytic Wealth RIA LLC acquired a new position in shares of MakeMyTrip during the fourth quarter valued at $207,000. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Trading Up 3.0 %

NASDAQ:MMYT opened at $97.44 on Tuesday. MakeMyTrip Limited has a 1-year low of $35.97 and a 1-year high of $100.22. The business’s 50-day moving average price is $87.63 and its two-hundred day moving average price is $74.98. The company has a current ratio of 2.78, a quick ratio of 2.77 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 58.35, a PEG ratio of 6.76 and a beta of 1.30.

MakeMyTrip (NASDAQ:MMYT) last released its earnings results on Tuesday, July 23rd. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.23. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. The firm had revenue of $254.52 million for the quarter, compared to analyst estimates of $231.85 million. On average, equities analysts expect that MakeMyTrip Limited will post 0.98 earnings per share for the current year.

Analysts Set New Price Targets

MMYT has been the topic of several research reports. StockNews.com raised MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Citigroup upped their price target on MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Bank of America upped their price target on MakeMyTrip from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 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.