MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise cut its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 35.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,432 shares of the technology company's stock after selling 5,703 shares during the period. Banque Cantonale Vaudoise's holdings in MakeMyTrip were worth $970,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. US Bancorp DE increased its stake in MakeMyTrip by 29.3% during the 1st quarter. US Bancorp DE now owns 6,814 shares of the technology company's stock worth $484,000 after buying an additional 1,543 shares during the period. Vanguard Group Inc. purchased a new stake in shares of MakeMyTrip during the first quarter worth $2,317,000. O Shaughnessy Asset Management LLC raised its stake in shares of MakeMyTrip by 75.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 10,546 shares of the technology company's stock valued at $749,000 after acquiring an additional 4,545 shares in the last quarter. LRI Investments LLC purchased a new position in MakeMyTrip in the first quarter valued at $149,000. Finally, Totem Point Management LLC acquired a new position in MakeMyTrip during the 1st quarter worth $2,694,000. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Trading Up 4.1 %

MMYT opened at $107.27 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. MakeMyTrip Limited has a one year low of $41.56 and a one year high of $113.61. The company has a market cap of $11.78 billion, a P/E ratio of 58.62, a PEG ratio of 5.79 and a beta of 1.27. The business's 50-day simple moving average is $101.81 and its 200-day simple moving average is $91.85.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.26 by $0.10. The company had revenue of $210.99 million for the quarter, compared to analyst estimates of $214.90 million. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. During the same period in the prior year, the firm posted $0.18 earnings per share. As a group, equities research analysts expect that MakeMyTrip Limited will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MMYT has been the topic of several recent research reports. StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a report on Wednesday. Bank of America upped their target price on shares of MakeMyTrip from $112.00 to $119.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Citigroup lifted their price target on shares of MakeMyTrip from $93.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th.

About MakeMyTrip

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.