Northwest & Ethical Investments L.P. Sells 4,461 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Northwest & Ethical Investments L.P. lessened its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 29.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,546 shares of the technology company's stock after selling 4,461 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in MakeMyTrip were worth $980,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Baillie Gifford & Co. raised its stake in MakeMyTrip by 85.7% during the second quarter. Baillie Gifford & Co. now owns 4,072,452 shares of the technology company's stock worth $342,493,000 after acquiring an additional 1,879,726 shares in the last quarter. FMR LLC increased its position in shares of MakeMyTrip by 51.2% during the 3rd quarter. FMR LLC now owns 3,635,473 shares of the technology company's stock worth $337,917,000 after purchasing an additional 1,230,916 shares in the last quarter. Jennison Associates LLC increased its position in shares of MakeMyTrip by 282.4% during the 3rd quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company's stock worth $215,325,000 after purchasing an additional 1,710,773 shares in the last quarter. William Blair Investment Management LLC boosted its position in MakeMyTrip by 54.5% in the second quarter. William Blair Investment Management LLC now owns 1,099,062 shares of the technology company's stock valued at $92,431,000 after buying an additional 387,695 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in MakeMyTrip by 129.2% in the second quarter. Marshall Wace LLP now owns 956,172 shares of the technology company's stock valued at $80,414,000 after buying an additional 539,067 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MMYT. Bank of America lifted their target price on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th.

MakeMyTrip Price Performance

NASDAQ:MMYT traded up $0.63 during mid-day trading on Friday, reaching $114.74. 403,348 shares of the company were exchanged, compared to its average volume of 718,153. MakeMyTrip Limited has a 12 month low of $41.56 and a 12 month high of $116.00. The stock has a market cap of $12.60 billion, a PE ratio of 62.70, a PEG ratio of 6.41 and a beta of 1.27. 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 company has a fifty day moving average of $103.02 and a 200 day moving average of $93.70.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.26 by $0.10. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. The business had revenue of $210.99 million for the quarter, compared to analysts' expectations of $214.90 million. During the same period in the prior year, the firm earned $0.18 earnings per share. On average, research analysts anticipate that MakeMyTrip Limited will post 1.29 EPS for the current fiscal 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.