ExodusPoint Capital Management LP Sells 9,090 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

ExodusPoint Capital Management LP lowered its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 37.6% in 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 15,075 shares of the technology company's stock after selling 9,090 shares during the quarter. ExodusPoint Capital Management LP's holdings in MakeMyTrip were worth $1,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Schroder Investment Management Group boosted its stake in shares of MakeMyTrip by 3.6% in the 4th quarter. Schroder Investment Management Group now owns 4,118,898 shares of the technology company's stock valued at $462,470,000 after purchasing an additional 141,507 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of MakeMyTrip by 0.9% during the fourth quarter. Franklin Resources Inc. now owns 1,503,980 shares of the technology company's stock valued at $168,867,000 after buying an additional 13,157 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of MakeMyTrip by 17.4% in the fourth quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock worth $142,528,000 after buying an additional 188,234 shares during the period. William Blair Investment Management LLC lifted its stake in shares of MakeMyTrip by 3.9% in the 4th quarter. William Blair Investment Management LLC now owns 935,751 shares of the technology company's stock valued at $105,066,000 after acquiring an additional 34,919 shares during the last quarter. Finally, Norges Bank bought a new position in MakeMyTrip during the 4th quarter worth approximately $97,833,000. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Trading Up 0.5 %

Shares of NASDAQ MMYT traded up $0.51 during midday trading on Monday, hitting $98.39. 43,163 shares of the company traded hands, compared to its average volume of 718,931. The stock has a 50-day moving average price of $98.64 and a 200 day moving average price of $104.47. 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 firm has a market cap of $10.80 billion, a P/E ratio of 53.47, a P/E/G ratio of 6.56 and a beta of 1.00. MakeMyTrip Limited has a 12-month low of $60.55 and a 12-month high of $123.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. As a group, analysts expect that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

MMYT has been the topic of several recent analyst reports. Bank of America raised their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, December 27th. StockNews.com cut 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.