Artisan Partners Limited Partnership Sells 345,576 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Artisan Partners Limited Partnership reduced its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,887,698 shares of the technology company's stock after selling 345,576 shares during the period. Artisan Partners Limited Partnership owned 1.72% of MakeMyTrip worth $211,951,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. USA Financial Formulas bought a new stake in shares of MakeMyTrip during the 4th quarter worth $35,000. Steward Partners Investment Advisory LLC lifted its position in MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after acquiring an additional 111 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in MakeMyTrip by 100.9% during the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock valued at $42,000 after acquiring an additional 225 shares during the period. Signaturefd LLC acquired a new stake in shares of MakeMyTrip in the fourth quarter valued at about $74,000. Finally, R Squared Ltd bought a new position in shares of MakeMyTrip in the fourth quarter worth about $99,000. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Stock Performance

MMYT stock traded down $5.06 during midday trading on Monday, hitting $98.46. The stock had a trading volume of 268,012 shares, compared to its average volume of 715,105. MakeMyTrip Limited has a 52 week low of $60.55 and a 52 week 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. The stock has a 50-day simple moving average of $102.00 and a 200 day simple moving average of $105.32. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 53.60, a P/E/G ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings data 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 return on equity of 11.46% and a net margin of 25.42%. As a group, equities research analysts anticipate that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

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

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.