Orion Portfolio Solutions LLC lowered its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 29.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,187 shares of the technology company's stock after selling 10,773 shares during the period. Orion Portfolio Solutions LLC's holdings in MakeMyTrip were worth $2,434,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Natixis Advisors LLC acquired a new stake in MakeMyTrip in the third quarter worth about $1,219,000. Citigroup Inc. boosted its stake in MakeMyTrip by 154.3% in the 3rd quarter. Citigroup Inc. now owns 60,123 shares of the technology company's stock worth $5,588,000 after purchasing an additional 36,476 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in MakeMyTrip during the 3rd quarter worth approximately $674,000. Vanguard Group Inc. acquired a new position in MakeMyTrip during the 1st quarter valued at approximately $2,317,000. Finally, 1832 Asset Management L.P. purchased a new position in shares of MakeMyTrip in the second quarter worth $879,000. Institutional investors own 51.89% of the company's stock.
MakeMyTrip Stock Performance
Shares of MMYT stock traded down $2.43 during trading hours on Thursday, hitting $117.50. The company's stock had a trading volume of 319,504 shares, compared to its average volume of 711,605. The stock has a market cap of $12.90 billion, a PE ratio of 65.54, a price-to-earnings-growth ratio of 6.77 and a beta of 1.27. MakeMyTrip Limited has a 12-month low of $43.31 and a 12-month high of $123.00. The company has a 50 day moving average of $106.03 and a 200 day moving average of $95.75. The company has a current ratio of 2.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.19.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.10. The company had revenue of $210.99 million during 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 firm posted $0.18 earnings per share. On average, sell-side analysts forecast that MakeMyTrip Limited will post 1.29 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on MMYT shares. StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. Bank of America boosted their price target on MakeMyTrip from $112.00 to $119.00 and gave the company a "buy" rating in a research note on Thursday, October 24th.
Read Our Latest Analysis on MMYT
About MakeMyTrip
(
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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