Virtu Financial LLC bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,761 shares of the technology company’s stock, valued at approximately $239,000.
Several other large investors have also recently added to or reduced their stakes in MMYT. Amansa Capital PTE. LTD. acquired a new stake in MakeMyTrip in the 4th quarter valued at approximately $78,844,000. Kaizen Capital Partners Ltd acquired a new position in shares of MakeMyTrip in the 4th quarter worth $15,898,000. Norges Bank acquired a new position in shares of MakeMyTrip in the 4th quarter worth $6,562,000. ETF Managers Group LLC acquired a new position in shares of MakeMyTrip in the 1st quarter worth $5,418,000. Finally, Causeway Capital Management LLC acquired a new position in shares of MakeMyTrip in the 4th quarter worth $4,355,000. 43.17% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on MakeMyTrip in a report on Thursday, May 18th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.50.
MakeMyTrip Stock Performance
MakeMyTrip (NASDAQ:MMYT – Get Free Report) last released its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.13. The firm had revenue of $148.52 million during the quarter, compared to analysts’ expectations of $140.94 million. MakeMyTrip had a negative return on equity of 0.15% and a negative net margin of 1.91%. As a group, equities analysts expect that MakeMyTrip Limited will post 0.36 EPS 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.
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