Stifel Financial Corp Has $339,000 Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Stifel Financial Corp decreased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 19.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,652 shares of the technology company’s stock after selling 858 shares during the quarter. Stifel Financial Corp’s holdings in MakeMyTrip were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janus Henderson Group PLC lifted its holdings in MakeMyTrip by 1.3% in the 3rd quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company’s stock worth $47,258,000 after purchasing an additional 6,378 shares during the last quarter. Wasatch Advisors LP bought a new position in shares of MakeMyTrip in the third quarter valued at approximately $44,521,000. MayTech Global Investments LLC raised its position in shares of MakeMyTrip by 13.5% in the third quarter. MayTech Global Investments LLC now owns 278,442 shares of the technology company’s stock valued at $25,881,000 after purchasing an additional 33,118 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of MakeMyTrip by 48.0% in the third quarter. BNP Paribas Financial Markets now owns 2,783 shares of the technology company’s stock worth $259,000 after buying an additional 903 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of MakeMyTrip by 51.2% during the 3rd quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock worth $337,917,000 after buying an additional 1,230,916 shares during the period. Institutional investors own 51.89% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MMYT. 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 report on Friday. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th.

MakeMyTrip Stock Performance

NASDAQ MMYT opened at $114.53 on Friday. The company’s fifty day moving average is $109.60 and its two-hundred day moving average is $98.85. MakeMyTrip Limited has a 52-week low of $43.31 and a 52-week high of $123.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 62.58, a P/E/G ratio of 6.59 and a beta of 1.27.

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

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.