MakeMyTrip Limited (NASDAQ:MMYT) is Dalton Investments Inc.'s Largest Position

Dalton Investments Inc. trimmed its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 461,584 shares of the technology company's stock after selling 46,800 shares during the period. MakeMyTrip makes up about 22.1% of Dalton Investments Inc.'s portfolio, making the stock its biggest position. Dalton Investments Inc. owned about 0.42% of MakeMyTrip worth $38,819,000 as of its most recent SEC filing.

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Other large investors have also made changes to their positions in the company. Baillie Gifford & Co. grew its holdings in MakeMyTrip by 85.7% during the second quarter. Baillie Gifford & Co. now owns 4,072,452 shares of the technology company's stock worth $342,493,000 after acquiring an additional 1,879,726 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of MakeMyTrip by 64.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 3,455,196 shares of the technology company's stock worth $162,325,000 after purchasing an additional 1,357,884 shares during the period. Schroder Investment Management Group increased its holdings in shares of MakeMyTrip by 39.2% during the 4th quarter. Schroder Investment Management Group now owns 2,607,916 shares of the technology company's stock valued at $122,520,000 after purchasing an additional 734,336 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of MakeMyTrip during the 1st quarter valued at approximately $50,543,000. Finally, Janus Henderson Group PLC lifted its stake in shares of MakeMyTrip by 143.2% in the 1st quarter. Janus Henderson Group PLC now owns 458,534 shares of the technology company's stock valued at $32,574,000 after purchasing an additional 269,988 shares during the period. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Stock Performance

MMYT opened at $108.47 on Friday. The firm's fifty day simple moving average is $94.67 and its two-hundred day simple moving average is $81.56. MakeMyTrip Limited has a 52-week low of $36.81 and a 52-week high of $109.70. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 64.95, a PEG ratio of 5.33 and a beta of 1.28. The company has a quick ratio of 2.77, a current ratio of 2.78 and a debt-to-equity ratio of 0.19.

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MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.23. MakeMyTrip had a net margin of 26.11% and a return on equity of 11.04%. The firm had revenue of $254.52 million for the quarter, compared to analyst estimates of $231.85 million. Equities analysts anticipate that MakeMyTrip Limited will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MMYT shares. Bank of America raised their price target on shares of MakeMyTrip from $100.00 to $112.00 and gave the company a "buy" rating in a research report on Tuesday, August 27th. Citigroup upped their price target on MakeMyTrip from $93.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Finally, StockNews.com upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Wednesday, July 24th.

• MakeMyTrip Stock is an Under-the-Radar Play

Check Out Our Latest Research Report on MakeMyTrip

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.

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