Wellington Management Group LLP lessened its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 24.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,929,634 shares of the technology company's stock after selling 641,141 shares during the quarter. Wellington Management Group LLP owned approximately 1.82% of MakeMyTrip worth $90,654,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. USA Financial Formulas acquired a new position in MakeMyTrip in the 4th quarter valued at about $50,000. Catalytic Wealth RIA LLC acquired a new position in MakeMyTrip in the 4th quarter valued at about $207,000. Clough Capital Partners L P acquired a new position in MakeMyTrip in the 3rd quarter valued at about $290,000. CoreCap Advisors LLC acquired a new position in MakeMyTrip in the 4th quarter valued at about $298,000. Finally, Strategic Global Advisors LLC acquired a new position in MakeMyTrip in the 4th quarter valued at about $327,000. Institutional investors and hedge funds own 51.89% of the company's stock.
MakeMyTrip Trading Down 2.0 %
MMYT traded down $1.63 during midday trading on Friday, hitting $80.55. The company's stock had a trading volume of 645,603 shares, compared to its average volume of 589,234. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The firm has a market cap of $8.55 billion, a P/E ratio of 48.23, a PEG ratio of 5.42 and a beta of 1.28. The firm has a 50-day moving average price of $74.87 and a two-hundred day moving average price of $62.76. MakeMyTrip Limited has a 52-week low of $25.75 and a 52-week high of $89.83.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. The company had revenue of $202.89 million during the quarter, compared to analysts' expectations of $195.15 million. MakeMyTrip had a return on equity of 10.66% and a net margin of 27.70%. On average, research analysts anticipate that MakeMyTrip Limited will post 1.31 earnings per share for the current year.
Analyst Ratings Changes
Separately, StockNews.com raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Friday, May 24th.
Read Our Latest Research Report on MakeMyTrip
MakeMyTrip Profile
(
Free Report)
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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