MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,026 shares of the technology company's stock after selling 8,930 shares during the period. Alliancebernstein L.P. owned about 0.12% of MakeMyTrip worth $14,487,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MMYT. Norges Bank bought a new stake in shares of MakeMyTrip during the 4th quarter valued at about $97,833,000. GQG Partners LLC bought a new stake in MakeMyTrip during the fourth quarter valued at about $60,465,000. Martin Currie Ltd. purchased a new position in shares of MakeMyTrip during the 4th quarter valued at about $45,966,000. Bank of New York Mellon Corp increased its holdings in MakeMyTrip by 939.1% in the 4th quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company's stock worth $36,959,000 after acquiring an additional 297,493 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in MakeMyTrip by 17.4% during the fourth quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock valued at $142,528,000 after purchasing an additional 188,234 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Stock Up 0.3 %

NASDAQ:MMYT traded up $0.25 during trading hours on Monday, reaching $98.13. The company's stock had a trading volume of 26,450 shares, compared to its average volume of 718,883. 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 company has a market capitalization of $10.77 billion, a P/E ratio of 53.33, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00. The stock has a 50 day moving average price of $98.64 and a two-hundred day moving average price of $104.47. MakeMyTrip Limited has a 12 month low of $60.55 and a 12 month high of $123.00.

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MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Equities analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, December 27th. StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th.

MakeMyTrip 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.