Capital International Inc. CA decreased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,770 shares of the technology company's stock after selling 83,324 shares during the quarter. Capital International Inc. CA owned about 0.35% of MakeMyTrip worth $43,202,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its holdings in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after buying an additional 111 shares during the period. USA Financial Formulas acquired a new stake in shares of MakeMyTrip in the fourth quarter worth $35,000. Robeco Institutional Asset Management B.V. increased its stake in shares of MakeMyTrip by 1.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company's stock worth $3,887,000 after acquiring an additional 400 shares during the period. Csenge Advisory Group raised its holdings in shares of MakeMyTrip by 11.3% during the fourth quarter. Csenge Advisory Group now owns 4,159 shares of the technology company's stock worth $467,000 after purchasing an additional 421 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its position in MakeMyTrip by 17.7% during the fourth quarter. Bleakley Financial Group LLC now owns 3,272 shares of the technology company's stock valued at $367,000 after purchasing an additional 493 shares during the period. Hedge funds and other institutional investors own 51.89% of the company's stock.
MakeMyTrip Stock Performance
MMYT traded up $3.77 on Tuesday, reaching $104.15. The stock had a trading volume of 444,691 shares, compared to its average volume of 717,340. The business's 50-day moving average price is $97.41 and its two-hundred day moving average price is $104.85. The company has a market cap of $11.43 billion, a P/E ratio of 56.60, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00. MakeMyTrip Limited has a 12-month low of $62.11 and a 12-month 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.
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 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%. Sell-side analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on MMYT. Bank of America lifted their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, December 27th. StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th.
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About MakeMyTrip
(
Free Report)
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.
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