Zevenbergen Capital Investments LLC Purchases 22,225 Shares of MakeMyTrip Limited $MMYT

Zevenbergen Capital Investments LLC boosted its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 53.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 63,785 shares of the technology company’s stock after purchasing an additional 22,225 shares during the quarter. Zevenbergen Capital Investments LLC owned about 0.06% of MakeMyTrip worth $5,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC lifted its stake in shares of MakeMyTrip by 244.8% in the third quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after buying an additional 284 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of MakeMyTrip by 4,420.0% during the third quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock valued at $86,000 after acquiring an additional 884 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of MakeMyTrip during the third quarter valued at approximately $124,000. Banque Cantonale Vaudoise purchased a new position in MakeMyTrip in the 3rd quarter worth approximately $168,000. Finally, Osaic Holdings Inc. lifted its position in MakeMyTrip by 10.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company’s stock valued at $199,000 after acquiring an additional 188 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Stock Performance

MMYT stock opened at $36.37 on Tuesday. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.85 and a quick ratio of 1.85. MakeMyTrip Limited has a 1 year low of $32.67 and a 1 year high of $113.85. The company has a market cap of $4.05 billion, a P/E ratio of 75.77, a price-to-earnings-growth ratio of 1.25 and a beta of 0.64. The stock’s fifty day moving average price is $53.56 and its 200-day moving average price is $73.08.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Wednesday, January 21st. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The company had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $306.29 million. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%. On average, equities analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Bank of America reduced their target price on MakeMyTrip from $115.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, December 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of MakeMyTrip in a research report on Wednesday, December 31st. Citigroup reduced their price objective on MakeMyTrip from $108.00 to $96.00 and set a “buy” rating for the company in a report on Wednesday, January 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $106.33.

MakeMyTrip Profile

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.