MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC lowered its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,106 shares of the technology company's stock after selling 3,905 shares during the period. Boston Common Asset Management LLC's holdings in MakeMyTrip were worth $2,258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. USA Financial Formulas purchased a new position in MakeMyTrip during the 4th quarter valued at about $35,000. Redhawk Wealth Advisors Inc. purchased a new position in MakeMyTrip during the fourth quarter valued at approximately $1,143,000. B. Riley Wealth Advisors Inc. bought a new position in MakeMyTrip in the third quarter worth approximately $1,134,000. Tidal Investments LLC lifted its holdings in MakeMyTrip by 5.9% during the third quarter. Tidal Investments LLC now owns 39,981 shares of the technology company's stock worth $3,716,000 after buying an additional 2,221 shares during the period. Finally, Virtu Financial LLC boosted its position in MakeMyTrip by 338.3% during the 3rd quarter. Virtu Financial LLC now owns 11,593 shares of the technology company's stock valued at $1,078,000 after acquiring an additional 8,948 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Stock Up 1.4 %

Shares of MMYT traded up $1.51 during midday trading on Friday, hitting $106.80. 308,798 shares of the company's stock traded hands, compared to its average volume of 328,511. The firm's fifty day moving average is $111.68 and its 200-day moving average is $101.73. MakeMyTrip Limited has a 1 year low of $47.04 and a 1 year high of $123.00. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 58.36, a price-to-earnings-growth ratio of 5.71 and a beta of 1.29. The company has a current ratio of 2.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.10. The business had revenue of $210.99 million during the quarter, compared to the consensus estimate of $214.90 million. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. During the same quarter last year, the company earned $0.18 earnings per share. As a group, sell-side analysts anticipate that MakeMyTrip Limited will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MMYT shares. StockNews.com lowered MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. 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.

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.