Aviva PLC Has $13.06 Million Position in MakeMyTrip Limited (NASDAQ:MMYT)

Aviva PLC trimmed its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 14.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 116,290 shares of the technology company's stock after selling 19,164 shares during the period. Aviva PLC owned 0.11% of MakeMyTrip worth $13,057,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MMYT. USA Financial Formulas acquired a new stake in shares of MakeMyTrip during the fourth quarter valued at about $35,000. Steward Partners Investment Advisory LLC boosted its position in MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after buying an additional 111 shares during the period. Signaturefd LLC acquired a new stake in MakeMyTrip during the 4th quarter worth approximately $74,000. R Squared Ltd bought a new stake in MakeMyTrip during the 4th quarter worth approximately $99,000. Finally, BOCHK Asset Management Ltd increased its position in MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock valued at $124,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 51.89% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on MMYT shares. StockNews.com cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. 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.

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MakeMyTrip Trading Up 4.1 %

Shares of NASDAQ MMYT traded up $3.88 during midday trading on Friday, reaching $97.88. The stock had a trading volume of 562,920 shares, compared to its average volume of 721,589. The company's 50 day moving average price is $98.64 and its 200 day moving average price is $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. MakeMyTrip Limited has a twelve month low of $60.55 and a twelve month high of $123.00. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 53.20, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its 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 net margin of 25.42% and a return on equity of 11.46%. As a group, sell-side analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current year.

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.