MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Amansa Capital PTE. LTD.

Amansa Capital PTE. LTD. decreased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,800,000 shares of the technology company's stock after selling 157,320 shares during the period. MakeMyTrip comprises about 49.9% of Amansa Capital PTE. LTD.'s portfolio, making the stock its 2nd largest holding. Amansa Capital PTE. LTD. owned approximately 1.64% of MakeMyTrip worth $202,104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in MakeMyTrip by 48.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,783 shares of the technology company's stock valued at $259,000 after purchasing an additional 903 shares during the period. Janus Henderson Group PLC boosted its position in shares of MakeMyTrip by 1.3% during the third quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company's stock worth $47,258,000 after buying an additional 6,378 shares during the period. State Street Corp boosted its position in shares of MakeMyTrip by 5.8% during the third quarter. State Street Corp now owns 106,537 shares of the technology company's stock worth $9,903,000 after buying an additional 5,814 shares during the period. XTX Topco Ltd bought a new position in MakeMyTrip in the 3rd quarter worth approximately $818,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in MakeMyTrip in the 3rd quarter valued at approximately $858,000. 51.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on MMYT. Bank of America boosted their price target on MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, December 27th. StockNews.com downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th.

MakeMyTrip Price Performance

MMYT stock traded up $1.07 on Tuesday, hitting $92.11. 436,695 shares of the company's stock traded hands, compared to its average volume of 722,343. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 50.18, a P/E/G ratio of 6.56 and a beta of 1.00. MakeMyTrip Limited has a 1-year low of $60.55 and a 1-year high of $123.00. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average of $100.81 and a 200-day moving average of $104.96.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its earnings results 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%. On average, analysts forecast that MakeMyTrip Limited will post 1.27 EPS 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.