Oberweis Asset Management Inc. Decreases Position in MakeMyTrip Limited (NASDAQ:MMYT)

Oberweis Asset Management Inc. reduced its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 54.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,350 shares of the technology company's stock after selling 7,650 shares during the period. Oberweis Asset Management Inc.'s holdings in MakeMyTrip were worth $713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings in MakeMyTrip by 5.8% in the 3rd quarter. State Street Corp now owns 106,537 shares of the technology company's stock valued at $9,903,000 after purchasing an additional 5,814 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of MakeMyTrip by 7.7% in the third quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company's stock worth $25,397,000 after buying an additional 19,471 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of MakeMyTrip by 338.3% in the third quarter. Virtu Financial LLC now owns 11,593 shares of the technology company's stock worth $1,078,000 after buying an additional 8,948 shares in the last quarter. Tidal Investments LLC raised its holdings in MakeMyTrip by 5.9% in the 3rd quarter. Tidal Investments LLC now owns 39,981 shares of the technology company's stock valued at $3,716,000 after acquiring an additional 2,221 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in MakeMyTrip in the 3rd quarter worth approximately $1,134,000. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Trading Down 2.8 %

Shares of NASDAQ MMYT traded down $3.04 during trading on Monday, reaching $104.60. The stock had a trading volume of 606,374 shares, compared to its average volume of 718,329. The business's 50-day moving average price is $97.56 and its 200-day moving average price is $105.03. MakeMyTrip Limited has a fifty-two week low of $65.54 and a fifty-two week high of $123.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The company has a market cap of $11.48 billion, a P/E ratio of 56.85, a PEG ratio of 6.56 and a beta of 1.00.

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 (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%. On average, equities research analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.