Quadrature Capital Ltd Has $2.11 Million Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Quadrature Capital Ltd cut its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 42.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,992 shares of the technology company's stock after selling 33,320 shares during the period. Quadrature Capital Ltd's holdings in MakeMyTrip were worth $2,113,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. USA Financial Formulas bought a new position in MakeMyTrip in the 4th quarter valued at $50,000. Catalytic Wealth RIA LLC bought a new position in MakeMyTrip in the 4th quarter valued at $207,000. Clough Capital Partners L P bought a new position in MakeMyTrip in the 3rd quarter valued at $290,000. CoreCap Advisors LLC bought a new position in MakeMyTrip in the 4th quarter valued at $298,000. Finally, Strategic Global Advisors LLC bought a new position in MakeMyTrip in the 4th quarter valued at $327,000. 51.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MMYT shares. StockNews.com upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Friday, May 24th. Macquarie lowered MakeMyTrip from an "outperform" rating to a "neutral" rating and raised their price target for the stock from $50.00 to $60.00 in a research report on Wednesday, February 21st.

MakeMyTrip Trading Up 4.3 %

MakeMyTrip stock traded up $3.36 during mid-day trading on Tuesday, hitting $82.33. 937,161 shares of the company's stock were exchanged, compared to its average volume of 775,137. The firm has a market capitalization of $8.74 billion, a P/E ratio of 49.30, a PEG ratio of 5.04 and a beta of 1.28. MakeMyTrip Limited has a fifty-two week low of $25.75 and a fifty-two week high of $89.83. 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 company's 50 day simple moving average is $74.15 and its 200-day simple moving average is $62.10.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The technology company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. The business had revenue of $202.89 million for the quarter, compared to the consensus estimate of $195.15 million. MakeMyTrip had a return on equity of 10.66% and a net margin of 27.70%. On average, equities analysts anticipate that MakeMyTrip Limited will post 1.31 earnings per share 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.