BNP Paribas Financial Markets Raises Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

BNP Paribas Financial Markets raised its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 48.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,783 shares of the technology company’s stock after buying an additional 903 shares during the quarter. BNP Paribas Financial Markets’ holdings in MakeMyTrip were worth $259,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MMYT. Park Place Capital Corp bought a new stake in MakeMyTrip in the third quarter worth $25,000. Advisors Asset Management Inc. raised its position in MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after purchasing an additional 225 shares during the period. Fifth Third Bancorp bought a new stake in MakeMyTrip in the second quarter worth about $59,000. EverSource Wealth Advisors LLC boosted its position in shares of MakeMyTrip by 44.1% during the second quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company’s stock valued at $65,000 after buying an additional 236 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of MakeMyTrip in the second quarter worth approximately $143,000. Institutional investors own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

MMYT has been the subject of a number of recent analyst reports. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Bank of America boosted their target price on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, October 24th.

MakeMyTrip Stock Performance

MakeMyTrip stock opened at $117.33 on Tuesday. The company has a 50 day moving average price of $106.93 and a 200-day moving average price of $96.43. The company has a market capitalization of $12.88 billion, a PE ratio of 64.03, a P/E/G ratio of 6.74 and a beta of 1.27. MakeMyTrip Limited has a fifty-two week low of $43.31 and a fifty-two week high of $123.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.10. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. The company had revenue of $210.99 million for the quarter, compared to analysts’ expectations of $214.90 million. During the same period in the prior year, the business earned $0.18 EPS. As a group, equities analysts forecast that MakeMyTrip Limited will post 1.29 earnings per share for the current year.

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.