U S Global Investors Inc. Sells 14,022 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

U S Global Investors Inc. lowered its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,313 shares of the technology company's stock after selling 14,022 shares during the period. MakeMyTrip makes up about 1.0% of U S Global Investors Inc.'s investment portfolio, making the stock its 20th largest holding. U S Global Investors Inc. owned approximately 0.08% of MakeMyTrip worth $10,253,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. USA Financial Formulas acquired a new position in MakeMyTrip in the 4th quarter worth approximately $35,000. Advisors Asset Management Inc. grew its holdings in shares of MakeMyTrip by 100.9% during 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 in the last quarter. R Squared Ltd acquired a new position in MakeMyTrip during the fourth quarter valued at $99,000. BOCHK Asset Management Ltd lifted its stake in MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock worth $124,000 after acquiring an additional 800 shares in the last quarter. Finally, D Orazio & Associates Inc. acquired a new stake in MakeMyTrip during the 3rd quarter worth about $210,000. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Stock Down 1.1 %

Shares of MMYT traded down $1.07 during midday trading on Tuesday, reaching $93.47. 1,274,602 shares of the stock were exchanged, compared to its average volume of 839,184. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 50.80, a P/E/G ratio of 6.56 and a beta of 1.28. The firm has a 50 day simple moving average of $107.52 and a 200-day simple moving average of $105.21. MakeMyTrip Limited has a 12-month low of $57.59 and a 12-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.

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MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. Research analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MMYT shares. Bank of America increased their price target 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 shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research 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.