O Shaughnessy Asset Management LLC reduced its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 44.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,096 shares of the technology company's stock after selling 6,435 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in MakeMyTrip were worth $909,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Martin Currie Ltd. purchased a new stake in shares of MakeMyTrip in the fourth quarter valued at approximately $45,966,000. Schroder Investment Management Group boosted its stake in MakeMyTrip by 3.6% during the fourth quarter. Schroder Investment Management Group now owns 4,118,898 shares of the technology company's stock worth $462,470,000 after buying an additional 141,507 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in MakeMyTrip in the 4th quarter valued at $939,000. Orion Portfolio Solutions LLC increased its stake in shares of MakeMyTrip by 8.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 28,467 shares of the technology company's stock worth $3,196,000 after acquiring an additional 2,280 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of MakeMyTrip during the 4th quarter worth $97,833,000. Hedge funds and other institutional investors own 51.89% of the company's stock.
Analyst Ratings Changes
A number of brokerages have commented on MMYT. Bank of America lifted their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research note 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.
Get Our Latest Analysis on MakeMyTrip
MakeMyTrip Trading Up 4.1 %
NASDAQ MMYT traded up $3.88 during trading hours on Friday, reaching $97.88. The company had a trading volume of 562,920 shares, compared to its average volume of 720,456. The stock has a 50-day moving average of $98.64 and a 200 day moving average of $104.40. The stock has a market capitalization of $10.75 billion, a P/E ratio of 53.20, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00. 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.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly 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, research analysts anticipate that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.
MakeMyTrip Company Profile
(
Free Report)
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.
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