MakeMyTrip Limited (NASDAQ:MMYT) Shares Purchased by Citigroup Inc.

Citigroup Inc. raised its position in MakeMyTrip Limited (NASDAQ:MMYT) by 154.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 60,123 shares of the technology company’s stock after purchasing an additional 36,476 shares during the period. Citigroup Inc.’s holdings in MakeMyTrip were worth $5,588,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of MakeMyTrip during the first quarter worth about $2,317,000. DekaBank Deutsche Girozentrale bought a new position in MakeMyTrip during the 1st quarter worth approximately $283,000. EverSource Wealth Advisors LLC grew its position in shares of MakeMyTrip by 163.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock worth $35,000 after acquiring an additional 332 shares in the last quarter. Capital CS Group LLC bought a new stake in shares of MakeMyTrip in the 2nd quarter valued at approximately $656,000. Finally, Bank Pictet & Cie Asia Ltd. acquired a new stake in shares of MakeMyTrip during the 2nd quarter valued at approximately $773,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MMYT. Bank of America boosted their price objective on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th.

MakeMyTrip Trading Up 0.6 %

MakeMyTrip stock opened at $114.74 on Monday. MakeMyTrip Limited has a 12 month low of $41.56 and a 12 month high of $116.00. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. The stock has a market cap of $12.60 billion, a P/E ratio of 62.70, a P/E/G ratio of 6.45 and a beta of 1.27. The company’s fifty day simple moving average is $103.02 and its 200-day simple moving average is $93.87.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly 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. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. The company had revenue of $210.99 million during the quarter, compared to analysts’ expectations of $214.90 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. As a group, sell-side analysts forecast that MakeMyTrip Limited will post 1.29 EPS for the current fiscal 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.