Penserra Capital Management LLC Has $4.86 Million Stake in MakeMyTrip Limited (NASDAQ:MMYT)

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Penserra Capital Management LLC lowered its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 214,251 shares of the technology company’s stock after selling 19,947 shares during the quarter. Penserra Capital Management LLC owned 0.21% of MakeMyTrip worth $4,861,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in MakeMyTrip by 309.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,015 shares of the technology company’s stock valued at $25,000 after acquiring an additional 767 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of MakeMyTrip by 63.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,657 shares of the technology company’s stock worth $38,000 after purchasing an additional 642 shares during the last quarter. Bellecapital International Ltd. boosted its stake in shares of MakeMyTrip by 4.6% during the 2nd quarter. Bellecapital International Ltd. now owns 11,866 shares of the technology company’s stock worth $294,000 after purchasing an additional 522 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of MakeMyTrip during the 2nd quarter worth about $320,000. Finally, Vanguard Group Inc. boosted its stake in shares of MakeMyTrip by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 15,391 shares of the technology company’s stock worth $382,000 after purchasing an additional 497 shares during the last quarter. Institutional investors own 42.50% of the company’s stock.

NASDAQ:MMYT traded down $0.23 during trading hours on Wednesday, hitting $24.63. The stock had a trading volume of 207,779 shares, compared to its average volume of 284,859. MakeMyTrip Limited has a 1-year low of $19.66 and a 1-year high of $32.30. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.02. The company has a market cap of $2.68 billion, a PE ratio of -15.30 and a beta of 0.43. The business has a 50 day simple moving average of $24.45 and a two-hundred day simple moving average of $24.44.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Monday, November 4th. The technology company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.05). The company had revenue of $181.08 million for the quarter, compared to analyst estimates of $179.99 million. MakeMyTrip had a negative return on equity of 11.20% and a negative net margin of 29.59%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.31) EPS. Research analysts expect that MakeMyTrip Limited will post -1.26 EPS for the current fiscal year.

Several equities research analysts have issued reports on the stock. Goldman Sachs Group set a $32.00 price target on shares of MakeMyTrip and gave the stock a “buy” rating in a research note on Monday, September 23rd. BidaskClub raised shares of MakeMyTrip from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 6th. Bank of America upgraded shares of MakeMyTrip from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $22.50 to $27.00 in a report on Monday, November 4th. TheStreet lowered shares of MakeMyTrip from a “c-” rating to a “d+” rating in a report on Tuesday, October 8th. Finally, Zacks Investment Research upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.00.

About MakeMyTrip

MakeMyTrip Limited, an online travel company, engages in the business of selling travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, China, Colombia, and Peru. It operates through two segments, Air Ticketing, and Hotels and Packages. The company's services and products include air tickets, hotels, packages, rail tickets, bus tickets, and car hire, as well as ancillary travel requirements, such as facilitating access to travel insurance and visa processing.

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Institutional Ownership by Quarter for MakeMyTrip (NASDAQ:MMYT)

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