Sei Investments Co. lessened its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 454,653 shares of the technology company's stock after selling 56,311 shares during the quarter. Sei Investments Co. owned about 0.41% of MakeMyTrip worth $51,049,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. USA Financial Formulas purchased a new position in shares of MakeMyTrip in the fourth quarter valued at $35,000. Advisors Asset Management Inc. boosted its position in MakeMyTrip by 100.9% in the 3rd 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 grew its stake in shares of MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after acquiring an additional 111 shares in the last quarter. Signaturefd LLC acquired a new stake in shares of MakeMyTrip during the fourth quarter valued at about $74,000. Finally, R Squared Ltd purchased a new stake in shares of MakeMyTrip during the fourth quarter worth about $99,000. Institutional investors and hedge funds own 51.89% of the company's stock.
MakeMyTrip Stock Up 1.1 %
MakeMyTrip stock traded up $1.22 during midday trading on Tuesday, hitting $108.24. The stock had a trading volume of 416,411 shares, compared to its average volume of 709,359. The business has a fifty day moving average price of $101.92 and a 200 day moving average price of $105.02. MakeMyTrip Limited has a 12 month low of $60.55 and a 12 month high of $123.00. The stock has a market cap of $11.88 billion, a P/E ratio of 58.69, a P/E/G ratio of 6.56 and a beta of 1.36. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. Research analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have issued reports on MMYT. StockNews.com lowered MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Bank of America upped their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a report on Friday, December 27th.
Read Our Latest Research Report on MakeMyTrip
MakeMyTrip Company Profile
(
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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