Capital Wealth Planning LLC lowered its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 50.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,317 shares of the technology company's stock after selling 13,682 shares during the quarter. Capital Wealth Planning LLC's holdings in MakeMyTrip were worth $1,495,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in MakeMyTrip by 17.8% during the third quarter. Van ECK Associates Corp now owns 16,677 shares of the technology company's stock valued at $1,653,000 after acquiring an additional 2,514 shares during the period. Ground Swell Capital LLC bought a new stake in MakeMyTrip during the 3rd quarter valued at approximately $232,000. Asset Management One Co. Ltd. acquired a new stake in MakeMyTrip in the 3rd quarter valued at approximately $9,388,000. GSA Capital Partners LLP acquired a new stake in MakeMyTrip in the 3rd quarter valued at approximately $674,000. Finally, Rakuten Securities Inc. bought a new position in MakeMyTrip in the 3rd quarter worth approximately $379,000. Institutional investors and hedge funds own 51.89% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on MMYT shares. Bank of America increased their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company 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.
Check Out Our Latest Analysis on MakeMyTrip
MakeMyTrip Stock Performance
MakeMyTrip stock traded down $1.80 during trading hours on Wednesday, hitting $91.67. The stock had a trading volume of 1,291,725 shares, compared to its average volume of 853,146. The company has a 50-day moving average of $106.66 and a two-hundred day moving average of $105.11. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a fifty-two week low of $59.26 and a fifty-two week high of $123.00. The company has a market cap of $10.06 billion, a PE ratio of 49.82, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. On average, equities research analysts anticipate that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.
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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