SeaTown Holdings Pte. Ltd. Has $18.09 Million Stock Position in MakeMyTrip Limited $MMYT

SeaTown Holdings Pte. Ltd. grew its position in MakeMyTrip Limited (NASDAQ:MMYT) by 10.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,293 shares of the technology company’s stock after acquiring an additional 18,700 shares during the period. MakeMyTrip comprises about 10.4% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its largest holding. SeaTown Holdings Pte. Ltd. owned 0.17% of MakeMyTrip worth $18,092,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of MakeMyTrip by 0.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,829 shares of the technology company’s stock worth $2,230,000 after acquiring an additional 150 shares during the last quarter. Osaic Holdings Inc. boosted its position in MakeMyTrip by 10.2% during the second quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company’s stock worth $199,000 after purchasing an additional 188 shares during the period. Atria Investments Inc increased its holdings in shares of MakeMyTrip by 5.8% in the second quarter. Atria Investments Inc now owns 4,705 shares of the technology company’s stock valued at $461,000 after purchasing an additional 256 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in shares of MakeMyTrip in the second quarter valued at $43,000. Finally, Handelsbanken Fonder AB raised its holdings in MakeMyTrip by 1.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 45,424 shares of the technology company’s stock valued at $4,452,000 after acquiring an additional 500 shares during the period. 51.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

MakeMyTrip Stock Performance

Shares of MakeMyTrip stock opened at $56.97 on Thursday. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 118.69, a P/E/G ratio of 1.94 and a beta of 0.64. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 38.85. MakeMyTrip Limited has a twelve month low of $53.09 and a twelve month high of $113.85. The company’s fifty day moving average is $69.76 and its 200 day moving average is $81.80.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Wednesday, January 21st. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%.The firm had revenue of $295.70 million for the quarter, compared to analyst estimates of $306.29 million. Sell-side analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current year.

About MakeMyTrip

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.