MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by River Global Investors LLP

River Global Investors LLP cut its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 43.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,657 shares of the technology company's stock after selling 3,564 shares during the period. River Global Investors LLP's holdings in MakeMyTrip were worth $523,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in shares of MakeMyTrip during the fourth quarter worth $35,000. Advisors Asset Management Inc. raised its stake in MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after acquiring an additional 225 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in MakeMyTrip by 41.4% in 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. R Squared Ltd acquired a new stake in MakeMyTrip during the 4th quarter worth about $99,000. Finally, BOCHK Asset Management Ltd grew its stake in MakeMyTrip by 266.7% during the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock valued at $124,000 after purchasing an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Stock Performance

MMYT traded up $3.35 during midday trading on Wednesday, hitting $93.01. 1,440,475 shares of the company were exchanged, compared to its average volume of 716,264. The company's 50 day simple moving average is $104.49 and its 200 day simple moving average is $104.87. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 50.55, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a 1-year low of $60.55 and a 1-year 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.

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MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted 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%. As a group, sell-side analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Bank of America lifted their target price on MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a 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.