FIL Ltd lowered its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,031,347 shares of the technology company's stock after selling 398,013 shares during the quarter. FIL Ltd owned about 3.67% of MakeMyTrip worth $452,640,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in shares of MakeMyTrip in the fourth quarter valued at $35,000. Steward Partners Investment Advisory LLC lifted 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 valued at $43,000 after acquiring an additional 111 shares during the last quarter. Signaturefd LLC bought a new position in shares of MakeMyTrip during the 4th quarter valued at about $74,000. R Squared Ltd acquired a new position in shares of MakeMyTrip in the 4th quarter worth approximately $99,000. Finally, BOCHK Asset Management Ltd raised its holdings in shares of MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock worth $124,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 51.89% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on MMYT shares. StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Bank of America boosted their target price on MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, December 27th.
Check Out Our Latest Research Report on MakeMyTrip
MakeMyTrip Trading Up 4.1 %
MakeMyTrip stock traded up $3.88 during midday trading on Friday, reaching $97.88. The stock had a trading volume of 562,920 shares, compared to its average volume of 721,589. MakeMyTrip Limited has a twelve month low of $60.55 and a twelve month high of $123.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 53.20, a PEG ratio of 6.56 and a beta of 1.00. The firm's fifty day simple moving average is $98.64 and its two-hundred day simple moving average is $104.47.
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 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%. Equities analysts anticipate that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.
MakeMyTrip Profile
(
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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