US Bancorp DE Sells 5,534 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

US Bancorp DE cut its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 47.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,118 shares of the technology company's stock after selling 5,534 shares during the period. US Bancorp DE's holdings in MakeMyTrip were worth $687,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rheos Capital Works Inc. boosted its position in MakeMyTrip by 237.5% during the fourth quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company's stock valued at $15,158,000 after buying an additional 95,000 shares during the period. Natixis Advisors LLC purchased a new stake in MakeMyTrip during the third quarter valued at about $1,219,000. Citigroup Inc. boosted its position in MakeMyTrip by 154.3% during the third quarter. Citigroup Inc. now owns 60,123 shares of the technology company's stock valued at $5,588,000 after buying an additional 36,476 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in MakeMyTrip during the third quarter valued at about $1,134,000. Finally, GSA Capital Partners LLP purchased a new stake in MakeMyTrip during the third quarter valued at about $674,000. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MMYT shares. StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Bank of America upped their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, December 27th.

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MakeMyTrip Trading Down 0.7 %

Shares of NASDAQ:MMYT traded down $0.63 during midday trading on Thursday, hitting $92.38. 863,801 shares of the stock traded hands, compared to its average volume of 716,618. The stock has a market capitalization of $10.14 billion, a PE ratio of 50.21, a P/E/G ratio of 6.56 and a beta of 1.36. The business's 50 day moving average is $103.63 and its two-hundred day moving average is $104.70. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a one year low of $60.55 and a one year high of $123.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings data 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 net margin of 25.42% and a return on equity of 11.46%. As a group, research analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current 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.