HighTower Advisors LLC Purchases 26,431 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

HighTower Advisors LLC boosted its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 57.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,186 shares of the technology company’s stock after purchasing an additional 26,431 shares during the period. HighTower Advisors LLC owned about 0.07% of MakeMyTrip worth $8,105,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in MakeMyTrip by 51.2% during the 3rd quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock valued at $337,917,000 after purchasing an additional 1,230,916 shares during the last quarter. Jennison Associates LLC lifted its holdings in MakeMyTrip by 282.4% during the 3rd quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock valued at $215,325,000 after purchasing an additional 1,710,773 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in MakeMyTrip by 20.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock valued at $58,750,000 after purchasing an additional 107,814 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in MakeMyTrip by 1.3% during the 3rd quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company’s stock valued at $47,258,000 after purchasing an additional 6,378 shares during the last quarter. Finally, Wasatch Advisors LP bought a new position in MakeMyTrip during the 3rd quarter valued at about $44,521,000. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Trading Up 2.1 %

Shares of NASDAQ MMYT opened at $96.03 on Tuesday. MakeMyTrip Limited has a 1-year low of $60.55 and a 1-year high of $123.00. The company has a market cap of $10.54 billion, a PE ratio of 52.19, a P/E/G ratio of 6.56 and a beta of 1.36. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $102.73 and a two-hundred day moving average of $104.78.

MakeMyTrip (NASDAQ:MMYT) last announced its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates 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 expect that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MMYT. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Bank of America boosted their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, December 27th.

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.