Virtu Financial LLC Sells 5,548 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Virtu Financial LLC trimmed its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 47.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,045 shares of the technology company's stock after selling 5,548 shares during the quarter. Virtu Financial LLC's holdings in MakeMyTrip were worth $679,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. USA Financial Formulas bought a new stake in shares of MakeMyTrip in the 4th quarter valued at about $35,000. Steward Partners Investment Advisory LLC lifted its position in MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after purchasing an additional 111 shares during the last quarter. Advisors Asset Management Inc. boosted its stake 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 purchasing an additional 225 shares during the period. Signaturefd LLC purchased a new stake in shares of MakeMyTrip during the fourth quarter valued at approximately $74,000. Finally, R Squared Ltd purchased a new position in shares of MakeMyTrip in the fourth quarter worth $99,000. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Trading Down 2.3 %

NASDAQ:MMYT traded down $2.41 during trading hours on Friday, hitting $103.51. The company had a trading volume of 544,621 shares, compared to its average volume of 716,776. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. MakeMyTrip Limited has a 52 week low of $60.55 and a 52 week high of $123.00. The company has a market capitalization of $11.36 billion, a PE ratio of 56.26, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. The stock has a 50-day moving average price of $102.06 and a 200 day moving average price of $105.14.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced 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%. On average, equities research analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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