Carrhae Capital LLP Trims Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Carrhae Capital LLP reduced its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 40.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,950 shares of the technology company's stock after selling 144,009 shares during the quarter. MakeMyTrip makes up 2.0% of Carrhae Capital LLP's holdings, making the stock its 15th largest position. Carrhae Capital LLP owned 0.19% of MakeMyTrip worth $23,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC grew its holdings in MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after purchasing an additional 111 shares during the last quarter. Advisors Asset Management Inc. grew its stake in MakeMyTrip by 100.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after buying an additional 225 shares during the last quarter. USA Financial Formulas acquired a new position in MakeMyTrip during the 4th quarter valued at about $35,000. Robeco Institutional Asset Management B.V. raised its stake in 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 valued at $3,887,000 after buying an additional 400 shares during the last quarter. Finally, Csenge Advisory Group boosted its holdings in MakeMyTrip by 11.3% in the fourth quarter. Csenge Advisory Group now owns 4,159 shares of the technology company's stock worth $467,000 after acquiring an additional 421 shares in the last quarter. Institutional investors own 51.89% of the company's stock.

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MakeMyTrip Stock Performance

MakeMyTrip stock traded down $2.41 during trading hours on Friday, hitting $103.51. 544,621 shares of the stock traded hands, compared to its average volume of 716,776. MakeMyTrip Limited has a 1 year low of $60.55 and a 1 year high of $123.00. The stock has a market capitalization of $11.36 billion, a price-to-earnings ratio of 56.26, a P/E/G ratio of 6.56 and a beta of 1.36. 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's 50 day moving average price is $102.00 and its 200-day moving average price is $105.28.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly 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%. As a group, equities analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

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

MakeMyTrip 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.