Robeco Institutional Asset Management B.V. Sells 50,622 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Robeco Institutional Asset Management B.V. trimmed its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 59.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,216 shares of the technology company's stock after selling 50,622 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in MakeMyTrip were worth $3,180,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MMYT. Baillie Gifford & Co. raised its holdings in MakeMyTrip by 85.7% during the 2nd quarter. Baillie Gifford & Co. now owns 4,072,452 shares of the technology company's stock worth $342,493,000 after purchasing an additional 1,879,726 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of MakeMyTrip during the first quarter worth approximately $50,543,000. Marshall Wace LLP lifted its holdings in MakeMyTrip by 129.2% in the second quarter. Marshall Wace LLP now owns 956,172 shares of the technology company's stock valued at $80,414,000 after buying an additional 539,067 shares during the period. Janus Henderson Group PLC boosted its stake in MakeMyTrip by 143.2% in the first quarter. Janus Henderson Group PLC now owns 458,534 shares of the technology company's stock valued at $32,574,000 after acquiring an additional 269,988 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in MakeMyTrip by 39.7% during the 2nd quarter. Sei Investments Co. now owns 458,962 shares of the technology company's stock worth $38,599,000 after acquiring an additional 130,424 shares during the period. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Trading Up 2.7 %

NASDAQ:MMYT traded up $2.82 on Friday, reaching $106.82. The company's stock had a trading volume of 473,697 shares, compared to its average volume of 548,258. The firm has a market cap of $11.73 billion, a PE ratio of 58.37, a PEG ratio of 6.00 and a beta of 1.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. The business's 50-day moving average price is $100.52 and its two-hundred day moving average price is $89.99. MakeMyTrip Limited has a 1-year low of $39.26 and a 1-year high of $113.61.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.10. The business had revenue of $210.99 million during the quarter, compared to analysts' expectations of $214.90 million. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. During the same period in the prior year, the business earned $0.18 EPS. Equities research analysts anticipate that MakeMyTrip Limited will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MMYT shares. Citigroup raised their price target on MakeMyTrip from $93.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Bank of America boosted their target price on MakeMyTrip from $112.00 to $119.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Monday, November 4th.

About MakeMyTrip

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.