Brown Advisory Inc. Purchases 35,360 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Brown Advisory Inc. lifted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 522,803 shares of the technology company’s stock after purchasing an additional 35,360 shares during the quarter. Brown Advisory Inc. owned 0.57% of MakeMyTrip worth $15,031,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MMYT. Geode Capital Management LLC raised its holdings in MakeMyTrip by 43.5% in the first quarter. Geode Capital Management LLC now owns 28,140 shares of the technology company’s stock worth $973,000 after purchasing an additional 8,532 shares in the last quarter. Bank of America Corp DE raised its holdings in MakeMyTrip by 9.7% in the first quarter. Bank of America Corp DE now owns 101,628 shares of the technology company’s stock worth $3,516,000 after purchasing an additional 8,960 shares in the last quarter. Credit Suisse AG bought a new position in MakeMyTrip in the first quarter worth $242,000. Bank of Montreal Can bought a new position in MakeMyTrip in the second quarter worth $395,000. Finally, Sei Investments Co. raised its holdings in MakeMyTrip by 3.8% in the second quarter. Sei Investments Co. now owns 102,321 shares of the technology company’s stock worth $3,433,000 after purchasing an additional 3,746 shares in the last quarter. 44.88% of the stock is owned by institutional investors and hedge funds.

Shares of MakeMyTrip Limited (NASDAQ MMYT) opened at $29.65 on Wednesday. MakeMyTrip Limited has a 12-month low of $22.05 and a 12-month high of $40.90.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.45) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.27. MakeMyTrip had a negative return on equity of 12.74% and a negative net margin of 31.73%. The company had revenue of $139.20 million for the quarter, compared to analysts’ expectations of $110.72 million. During the same period last year, the firm posted ($0.61) earnings per share. MakeMyTrip’s revenue was up 161.7% compared to the same quarter last year. sell-side analysts forecast that MakeMyTrip Limited will post -2.22 EPS for the current year.

MMYT has been the subject of a number of research reports. UBS downgraded MakeMyTrip from a “buy” rating to a “sell” rating and set a $30.00 price objective for the company. in a report on Wednesday, September 20th. Jefferies Group reissued a “hold” rating and issued a $31.50 target price on shares of MakeMyTrip in a research note on Friday, October 13th. Zacks Investment Research raised MakeMyTrip from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Saturday, November 4th. TheStreet cut MakeMyTrip from a “c-” rating to a “d” rating in a research note on Tuesday, November 14th. Finally, ValuEngine cut MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $31.28.

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MakeMyTrip Company Profile

MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.

Institutional Ownership by Quarter for MakeMyTrip (NASDAQ:MMYT)

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