Ronald Blue Trust Inc. increased its holdings in MakeMyTrip Limited (NASDAQ:MMYT – Free Report) by 36.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,821 shares of the technology company’s stock after buying an additional 2,639 shares during the quarter. Ronald Blue Trust Inc.’s holdings in MakeMyTrip were worth $271,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Congress Wealth Management LLC DE boosted its stake in shares of MakeMyTrip by 61.9% during the 1st quarter. Congress Wealth Management LLC DE now owns 14,801 shares of the technology company’s stock worth $362,000 after acquiring an additional 5,658 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in MakeMyTrip by 7.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,735 shares of the technology company’s stock worth $189,000 after purchasing an additional 528 shares during the period. Alliancebernstein L.P. lifted its position in MakeMyTrip by 2.5% during the fourth quarter. Alliancebernstein L.P. now owns 1,044,778 shares of the technology company’s stock valued at $28,805,000 after purchasing an additional 25,290 shares in the last quarter. Kaizen Capital Partners Ltd bought a new stake in MakeMyTrip during the fourth quarter valued at about $15,898,000. Finally, Squarepoint Ops LLC increased its position in MakeMyTrip by 10.9% in the fourth quarter. Squarepoint Ops LLC now owns 35,234 shares of the technology company’s stock worth $971,000 after buying an additional 3,453 shares in the last quarter. 43.17% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on MakeMyTrip in a research note on Thursday, May 18th. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.
MakeMyTrip Trading Down 0.5 %
MakeMyTrip (NASDAQ:MMYT – Free Report) last released its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.13. The firm had revenue of $148.52 million during the quarter, compared to analyst estimates of $140.94 million. MakeMyTrip had a negative return on equity of 0.15% and a negative net margin of 1.91%. On average, equities analysts forecast that MakeMyTrip Limited will post 0.36 earnings per share for the current fiscal 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.
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