MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 26.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 615,122 shares of the technology company's stock after selling 219,377 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.56% of MakeMyTrip worth $57,176,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Park Place Capital Corp acquired a new position in MakeMyTrip in the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in MakeMyTrip by 163.5% in the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company's stock valued at $35,000 after acquiring an additional 332 shares during the period. Advisors Asset Management Inc. raised its stake in shares of MakeMyTrip by 100.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock worth $42,000 after buying an additional 225 shares during the period. Fifth Third Bancorp acquired a new position in shares of MakeMyTrip during the 2nd quarter worth approximately $59,000. Finally, nVerses Capital LLC acquired a new position in shares of MakeMyTrip during the 2nd quarter worth approximately $143,000. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Trading Up 0.2 %

Shares of NASDAQ MMYT traded up $0.23 during mid-day trading on Monday, reaching $108.96. 195,163 shares of the company's stock were exchanged, compared to its average volume of 720,591. The firm has a market capitalization of $11.96 billion, a price-to-earnings ratio of 59.42, a PEG ratio of 6.11 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. MakeMyTrip Limited has a 52-week low of $41.56 and a 52-week high of $113.61. The company's 50-day moving average is $102.25 and its 200-day moving average is $92.61.

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 the consensus estimate of $0.26 by $0.10. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. The firm had revenue of $210.99 million for the quarter, compared to analyst estimates of $214.90 million. During the same quarter in the prior year, the company earned $0.18 EPS. Analysts expect that MakeMyTrip Limited will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Bank of America increased their price objective on MakeMyTrip from $112.00 to $119.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th.

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.