MakeMyTrip Limited (NASDAQ:MMYT) Position Reduced by Marshall Wace LLP

Marshall Wace LLP cut its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 951,861 shares of the technology company's stock after selling 36,217 shares during the period. Marshall Wace LLP owned 0.87% of MakeMyTrip worth $106,875,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State Street Corp grew its position in MakeMyTrip by 5.8% during the third quarter. State Street Corp now owns 106,537 shares of the technology company's stock valued at $9,903,000 after buying an additional 5,814 shares during the period. Geode Capital Management LLC increased its stake in shares of MakeMyTrip by 7.7% in the 3rd 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 during the last quarter. Virtu Financial LLC grew its stake in shares of MakeMyTrip by 338.3% in the 3rd quarter. Virtu Financial LLC now owns 11,593 shares of the technology company's stock valued at $1,078,000 after buying an additional 8,948 shares during the period. Tidal Investments LLC raised its position in MakeMyTrip by 5.9% in the third quarter. Tidal Investments LLC now owns 39,981 shares of the technology company's stock valued at $3,716,000 after purchasing an additional 2,221 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of MakeMyTrip during the third quarter valued at about $1,134,000. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Trading Up 3.1 %

Shares of MMYT stock traded up $3.11 on Tuesday, reaching $103.49. 119,057 shares of the stock were exchanged, compared to its average volume of 716,362. MakeMyTrip Limited has a 1-year low of $60.77 and a 1-year high of $123.00. The stock has a market cap of $11.36 billion, a P/E ratio of 56.27, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $97.41 and a two-hundred day moving average of $104.85.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings data 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, research analysts anticipate that MakeMyTrip Limited will post 1.27 EPS for the current year.

Analysts Set New Price Targets

MMYT has been the subject of several recent research reports. StockNews.com cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Bank of America boosted their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, December 27th.

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.