MakeMyTrip Limited (NASDAQ:MMYT) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its position in MakeMyTrip Limited (NASDAQ:MMYT) by 17.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,269,394 shares of the technology company’s stock after purchasing an additional 188,234 shares during the period. American Century Companies Inc.’s holdings in MakeMyTrip were worth $142,528,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of MakeMyTrip during the 4th quarter valued at about $35,000. Advisors Asset Management Inc. raised its holdings in shares of MakeMyTrip by 100.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after buying an additional 225 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after buying an additional 111 shares during the period. Signaturefd LLC purchased a new stake in shares of MakeMyTrip during the 4th quarter valued at about $74,000. Finally, R Squared Ltd purchased a new stake in shares of MakeMyTrip during the 4th quarter valued at about $99,000. 51.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MMYT. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America raised their target price on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th.

MakeMyTrip Price Performance

MMYT stock opened at $101.06 on Monday. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 52-week low of $60.55 and a 52-week high of $123.00. The stock’s 50 day moving average is $101.78 and its two-hundred day moving average is $104.93. The company has a market capitalization of $11.09 billion, a PE ratio of 54.92, a P/E/G ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

MakeMyTrip 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.