Sei Investments Co. Sells 56,311 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Sei Investments Co. lowered its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 454,653 shares of the technology company's stock after selling 56,311 shares during the quarter. Sei Investments Co. owned approximately 0.41% of MakeMyTrip worth $51,049,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new position in MakeMyTrip in the 4th quarter valued at $35,000. Advisors Asset Management Inc. raised its holdings in shares of MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company's stock valued at $42,000 after buying an additional 225 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after buying an additional 111 shares in the last quarter. Signaturefd LLC acquired a new position in MakeMyTrip during the 4th quarter worth about $74,000. Finally, R Squared Ltd acquired a new stake in MakeMyTrip in the 4th quarter valued at about $99,000. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Trading Down 0.7 %

MMYT stock traded down $0.70 during midday trading on Thursday, reaching $105.92. The stock had a trading volume of 737,436 shares, compared to its average volume of 711,541. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 57.57, a PEG ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a twelve month low of $60.55 and a twelve month high of $123.00. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $102.05 and a two-hundred day simple moving average of $105.13.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. As a group, research analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MMYT shares. Bank of America upped their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, December 27th. StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th.

About MakeMyTrip

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.