MakeMyTrip Limited (NASDAQ:MMYT) Stock Holdings Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 51.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,218 shares of the technology company's stock after selling 5,460 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in MakeMyTrip were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Park Place Capital Corp bought a new position in MakeMyTrip during the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC grew its holdings in MakeMyTrip by 163.5% during the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company's stock worth $35,000 after acquiring an additional 332 shares during the period. Fifth Third Bancorp bought a new stake in MakeMyTrip in the second quarter worth about $59,000. nVerses Capital LLC acquired a new stake in MakeMyTrip in the 2nd quarter valued at about $143,000. Finally, LRI Investments LLC bought a new position in shares of MakeMyTrip during the 1st quarter valued at about $149,000. Institutional investors and hedge funds own 51.89% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MMYT. StockNews.com raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Wednesday, July 24th. 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 report on Thursday, October 24th. Finally, Citigroup lifted their target price on MakeMyTrip from $93.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th.

MakeMyTrip Trading Up 1.7 %

Shares of MMYT stock traded up $1.70 during trading hours on Friday, reaching $103.19. 599,231 shares of the stock traded hands, compared to its average volume of 622,170. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $11.33 billion, a PE ratio of 56.39, a PEG ratio of 5.79 and a beta of 1.27. MakeMyTrip Limited has a 1-year low of $38.05 and a 1-year high of $110.49. The business has a fifty day moving average price of $99.69 and a 200 day moving average price of $88.49.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. The company had revenue of $210.99 million for the quarter, compared to the consensus estimate of $214.90 million. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. During the same period in the previous year, the business earned $0.18 EPS. On average, equities research analysts forecast that MakeMyTrip Limited will post 1.27 EPS 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.