MakeMyTrip Limited (NASDAQ:MMYT) Stock Position Reduced by Capital International Investors

Capital International Investors decreased its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 40.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,568,491 shares of the technology company's stock after selling 1,046,797 shares during the quarter. Capital International Investors owned approximately 1.43% of MakeMyTrip worth $176,110,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rheos Capital Works Inc. raised its stake in shares of MakeMyTrip by 237.5% during the 4th quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company's stock worth $15,158,000 after purchasing an additional 95,000 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in MakeMyTrip during the third quarter valued at approximately $1,134,000. New York State Common Retirement Fund lifted its stake in MakeMyTrip by 100.2% in the fourth quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company's stock valued at $11,372,000 after acquiring an additional 50,689 shares during the last quarter. Geode Capital Management LLC grew its position in MakeMyTrip by 7.7% in the third quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company's stock worth $25,397,000 after acquiring an additional 19,471 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of MakeMyTrip by 9.2% during the 4th quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company's stock worth $5,044,000 after purchasing an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 51.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MMYT. Bank of America upped their price objective 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 lowered MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th.

MakeMyTrip Stock Up 1.4 %

MMYT opened at $103.30 on Friday. The company has a market capitalization of $11.34 billion, a P/E ratio of 56.14, a P/E/G ratio of 6.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The firm's fifty day moving average price is $97.50 and its two-hundred day moving average price is $104.74. MakeMyTrip Limited has a fifty-two week low of $60.77 and a fifty-two week high of $123.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its quarterly 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%. On average, analysts anticipate that MakeMyTrip Limited will post 1.27 EPS for the current year.

MakeMyTrip 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.

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