State Street Corp Has $9.90 Million Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

State Street Corp lifted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 5.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 106,537 shares of the technology company’s stock after acquiring an additional 5,814 shares during the period. State Street Corp’s holdings in MakeMyTrip were worth $9,903,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Park Place Capital Corp bought a new position in MakeMyTrip in the third quarter valued at about $25,000. Advisors Asset Management Inc. grew 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 purchasing an additional 225 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in MakeMyTrip by 44.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company’s stock worth $65,000 after purchasing an additional 236 shares in the last quarter. nVerses Capital LLC bought a new position in MakeMyTrip in the 2nd quarter valued at approximately $143,000. Finally, D Orazio & Associates Inc. acquired a new stake in MakeMyTrip in the third quarter valued at approximately $210,000. 51.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Bank of America boosted their price objective on MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th.

MakeMyTrip Trading Up 1.8 %

MMYT opened at $116.21 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. MakeMyTrip Limited has a fifty-two week low of $43.31 and a fifty-two week high of $123.00. The company’s 50 day moving average price is $109.07 and its two-hundred day moving average price is $98.34. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 63.50, a PEG ratio of 6.59 and a beta of 1.27.

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