Capital World Investors Trims Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Capital World Investors lessened its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 641,216 shares of the technology company's stock after selling 98,811 shares during the period. Capital World Investors owned about 0.58% of MakeMyTrip worth $71,996,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MMYT. First Trust Advisors LP increased its stake in shares of MakeMyTrip by 19.5% in the 4th quarter. First Trust Advisors LP now owns 4,807 shares of the technology company's stock valued at $540,000 after purchasing an additional 784 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of MakeMyTrip by 11.6% during the 4th quarter. Wasatch Advisors LP now owns 534,342 shares of the technology company's stock worth $59,996,000 after buying an additional 55,361 shares during the period. Causeway Capital Management LLC lifted its position in shares of MakeMyTrip by 1.6% during the 4th quarter. Causeway Capital Management LLC now owns 84,661 shares of the technology company's stock valued at $9,506,000 after buying an additional 1,348 shares in the last quarter. CreativeOne Wealth LLC grew its stake in MakeMyTrip by 207.4% in the 4th quarter. CreativeOne Wealth LLC now owns 9,302 shares of the technology company's stock valued at $1,044,000 after acquiring an additional 6,276 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in MakeMyTrip in the 4th quarter worth $1,605,000. Institutional investors and hedge funds own 51.89% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MMYT. StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Bank of America raised their target price on MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, December 27th.

MakeMyTrip Stock Performance

NASDAQ:MMYT opened at $100.38 on Tuesday. MakeMyTrip Limited has a twelve month low of $60.77 and a twelve month high of $123.00. The company has a market cap of $11.02 billion, a P/E ratio of 54.55, a P/E/G ratio of 6.56 and a beta of 1.00. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The company's 50-day moving average price is $97.41 and its 200-day moving average price is $104.85.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its 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%. On average, sell-side analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal 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.

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