Aubrey Capital Management Ltd Makes New $14.97 Million Investment in MakeMyTrip Limited (NASDAQ:MMYT)

Aubrey Capital Management Ltd bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 318,600 shares of the technology company’s stock, valued at approximately $14,968,000. MakeMyTrip accounts for 6.4% of Aubrey Capital Management Ltd’s portfolio, making the stock its 5th biggest position. Aubrey Capital Management Ltd owned 0.30% of MakeMyTrip as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Artisan Partners Limited Partnership acquired a new position in MakeMyTrip in the third quarter valued at about $84,983,000. FMR LLC raised its stake in MakeMyTrip by 378.4% in the third quarter. FMR LLC now owns 2,620,190 shares of the technology company’s stock valued at $106,170,000 after purchasing an additional 2,072,504 shares in the last quarter. Invesco Ltd. raised its stake in MakeMyTrip by 5,372.8% in the third quarter. Invesco Ltd. now owns 974,489 shares of the technology company’s stock valued at $39,486,000 after purchasing an additional 956,683 shares in the last quarter. American Century Companies Inc. acquired a new position in MakeMyTrip in the third quarter valued at about $22,602,000. Finally, Acadian Asset Management LLC raised its stake in MakeMyTrip by 85.4% in the third quarter. Acadian Asset Management LLC now owns 452,551 shares of the technology company’s stock valued at $18,326,000 after purchasing an additional 208,392 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Macquarie downgraded MakeMyTrip from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $50.00 to $60.00 in a research note on Wednesday, February 21st. StockNews.com raised MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th.

MakeMyTrip Trading Down 0.1 %

MMYT stock traded down $0.05 during trading on Friday, hitting $67.47. The company had a trading volume of 632,044 shares, compared to its average volume of 786,164. The business has a 50-day moving average of $64.84 and a 200-day moving average of $52.44. MakeMyTrip Limited has a one year low of $22.62 and a one year high of $77.30. The stock has a market cap of $7.16 billion, a PE ratio of 146.67 and a beta of 1.23. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02.

MakeMyTrip (NASDAQ:MMYT) last announced its earnings results on Tuesday, January 23rd. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. MakeMyTrip had a return on equity of 10.13% and a net margin of 6.93%. The business had revenue of $214.22 million for the quarter, compared to analysts’ expectations of $210.01 million. Research analysts predict that MakeMyTrip Limited will post 0.84 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.