MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG trimmed its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 43.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,886 shares of the technology company's stock after selling 6,001 shares during the period. Bank Pictet & Cie Europe AG's holdings in MakeMyTrip were worth $733,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. U S Global Investors Inc. lifted its position in MakeMyTrip by 7.2% during the third quarter. U S Global Investors Inc. now owns 105,335 shares of the technology company's stock valued at $9,791,000 after buying an additional 7,114 shares in the last quarter. Carrhae Capital LLP raised its stake in shares of MakeMyTrip by 20.8% in the 3rd quarter. Carrhae Capital LLP now owns 354,959 shares of the technology company's stock valued at $32,993,000 after acquiring an additional 61,138 shares during the period. Blue Trust Inc. lifted its holdings in shares of MakeMyTrip by 48.4% during the 3rd quarter. Blue Trust Inc. now owns 14,402 shares of the technology company's stock valued at $1,339,000 after acquiring an additional 4,700 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in MakeMyTrip during the 3rd quarter worth $338,000. Finally, Harbour Capital Advisors LLC increased its holdings in MakeMyTrip by 0.9% in the 3rd quarter. Harbour Capital Advisors LLC now owns 20,280 shares of the technology company's stock valued at $2,008,000 after purchasing an additional 175 shares in the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Stock Down 3.7 %

Shares of MakeMyTrip stock traded down $3.84 during trading hours on Wednesday, hitting $99.15. 842,407 shares of the company's stock traded hands, compared to its average volume of 740,503. The company has a quick ratio of 2.77, a current ratio of 2.78 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a twelve month low of $36.81 and a twelve month high of $110.49. The stock has a 50 day simple moving average of $98.85 and a 200-day simple moving average of $86.71. The company has a market cap of $10.88 billion, a PE ratio of 61.67, a PEG ratio of 5.65 and a beta of 1.28.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.23. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. The firm had revenue of $254.52 million during the quarter, compared to analyst estimates of $231.85 million. Equities research analysts anticipate that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MMYT has been the topic of a number of recent research reports. Bank of America boosted their price objective on MakeMyTrip from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Tuesday, August 27th. StockNews.com raised MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Wednesday, July 24th. Finally, Citigroup increased their price objective on shares of MakeMyTrip from $93.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th.

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.