Keystone Investors PTE Ltd. Trims Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

Keystone Investors PTE Ltd. lessened its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 860,996 shares of the technology company's stock after selling 103,655 shares during the quarter. MakeMyTrip comprises approximately 6.8% of Keystone Investors PTE Ltd.'s holdings, making the stock its 5th biggest holding. Keystone Investors PTE Ltd. owned approximately 0.78% of MakeMyTrip worth $96,673,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. FMR LLC increased its position in MakeMyTrip by 51.2% during the 3rd quarter. FMR LLC now owns 3,635,473 shares of the technology company's stock worth $337,917,000 after purchasing an additional 1,230,916 shares in the last quarter. GQG Partners LLC acquired a new stake in shares of MakeMyTrip in the fourth quarter worth $60,465,000. Wasatch Advisors LP acquired a new stake in shares of MakeMyTrip in the third quarter worth $44,521,000. Bank of New York Mellon Corp raised its stake in shares of MakeMyTrip by 939.1% in the 4th quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company's stock valued at $36,959,000 after acquiring an additional 297,493 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of MakeMyTrip by 17.4% during the 4th quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock valued at $142,528,000 after acquiring an additional 188,234 shares in the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Stock Down 2.3 %

MakeMyTrip stock traded down $2.41 during midday trading on Friday, hitting $103.51. 544,621 shares of the stock were exchanged, 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 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 $11.36 billion, a P/E ratio of 56.26, a P/E/G ratio of 6.56 and a beta of 1.36. The company has a 50 day moving average price of $102.00 and a two-hundred day moving average price of $105.28.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (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%. On average, sell-side analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on MMYT. StockNews.com lowered 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 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.