New York State Common Retirement Fund Purchases 50,689 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

New York State Common Retirement Fund boosted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 100.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,279 shares of the technology company’s stock after acquiring an additional 50,689 shares during the period. New York State Common Retirement Fund owned about 0.09% of MakeMyTrip worth $11,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Caprock Group LLC lifted its stake in shares of MakeMyTrip by 6.4% during the 3rd quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock worth $346,000 after purchasing an additional 224 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in 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 purchasing an additional 225 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of MakeMyTrip during the fourth quarter valued at about $35,000. Robeco Institutional Asset Management B.V. lifted its position in shares of MakeMyTrip by 1.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock valued at $3,887,000 after buying an additional 400 shares during the last quarter. Finally, Csenge Advisory Group boosted its holdings in shares of MakeMyTrip by 11.3% in the 4th quarter. Csenge Advisory Group now owns 4,159 shares of the technology company’s stock valued at $467,000 after buying an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Bank of America increased their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th.

MakeMyTrip Price Performance

Shares of MMYT stock opened at $100.11 on Tuesday. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 54.41, a PEG ratio of 6.56 and a beta of 1.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The stock’s 50-day simple moving average is $109.51 and its 200-day simple moving average is $105.24. MakeMyTrip Limited has a fifty-two week low of $56.90 and a fifty-two week high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last released its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. As a group, equities analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

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.