Penserra Capital Management LLC Has $6.22 Million Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

Penserra Capital Management LLC reduced its position in MakeMyTrip Limited (NASDAQ:MMYT) by 33.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,907 shares of the technology company’s stock after selling 33,874 shares during the period. Penserra Capital Management LLC’s holdings in MakeMyTrip were worth $6,217,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MMYT. Park Place Capital Corp acquired a new position in MakeMyTrip in the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of MakeMyTrip by 163.5% in the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock valued at $35,000 after purchasing an additional 332 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after buying an additional 225 shares during the period. Fifth Third Bancorp purchased a new position in shares of MakeMyTrip during the second quarter valued at $59,000. Finally, nVerses Capital LLC acquired a new position in MakeMyTrip during the second quarter valued at $143,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $108.73 on Monday. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 59.42, a P/E/G ratio of 6.11 and a beta of 1.27. MakeMyTrip Limited has a 1 year low of $41.56 and a 1 year high of $113.61. The company has a current ratio of 2.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $102.25 and a 200 day simple moving average of $92.47.

MakeMyTrip (NASDAQ:MMYT) last posted 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. The company had revenue of $210.99 million during the quarter, compared to the consensus estimate of $214.90 million. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. During the same period last year, the business earned $0.18 EPS. As a group, sell-side analysts predict that MakeMyTrip Limited will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MMYT has been the subject of a number of research reports. Bank of America raised their price objective on MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th.

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.