C WorldWide Group Holding A S Cuts Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

C WorldWide Group Holding A S lessened its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 278,573 shares of the technology company's stock after selling 3,993 shares during the quarter. MakeMyTrip makes up approximately 0.4% of C WorldWide Group Holding A S's portfolio, making the stock its 28th biggest holding. C WorldWide Group Holding A S owned 0.25% of MakeMyTrip worth $31,278,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Caprock Group LLC raised its holdings in shares of MakeMyTrip by 6.4% in the 3rd quarter. Caprock Group LLC now owns 3,726 shares of the technology company's stock worth $346,000 after purchasing an additional 224 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after purchasing an additional 225 shares during the period. USA Financial Formulas bought a new stake in MakeMyTrip during the 4th quarter valued at $35,000. Robeco Institutional Asset Management B.V. raised its holdings in MakeMyTrip by 1.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company's stock valued at $3,887,000 after acquiring an additional 400 shares during the period. Finally, Csenge Advisory Group raised its holdings in MakeMyTrip by 11.3% during the 4th quarter. Csenge Advisory Group now owns 4,159 shares of the technology company's stock valued at $467,000 after acquiring an additional 421 shares during the period. Institutional investors own 51.89% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

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

MakeMyTrip Price Performance

Shares of MakeMyTrip stock traded down $0.26 during trading on Thursday, hitting $93.07. The stock had a trading volume of 692,179 shares, compared to its average volume of 836,349. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 50.58, a P/E/G ratio of 6.56 and a beta of 1.29. MakeMyTrip Limited has a 12 month low of $56.90 and a 12 month high of $123.00. The business's 50-day moving average is $108.64 and its 200 day moving average is $105.15. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. As a group, sell-side analysts anticipate that MakeMyTrip Limited will post 1.27 earnings per share for the current 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.