Wellington Management Group LLP Lowers Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Wellington Management Group LLP decreased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,149,060 shares of the technology company's stock after selling 113,916 shares during the quarter. Wellington Management Group LLP owned approximately 1.05% of MakeMyTrip worth $106,805,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MMYT. Baillie Gifford & Co. lifted its holdings in MakeMyTrip by 85.7% during the 2nd quarter. Baillie Gifford & Co. now owns 4,072,452 shares of the technology company's stock worth $342,493,000 after buying an additional 1,879,726 shares during the last quarter. Jennison Associates LLC grew its stake in MakeMyTrip by 282.4% during the 3rd quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company's stock worth $215,325,000 after buying an additional 1,710,773 shares during the last quarter. FMR LLC lifted its stake in MakeMyTrip by 51.2% in the third quarter. FMR LLC now owns 3,635,473 shares of the technology company's stock valued at $337,917,000 after buying an additional 1,230,916 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of MakeMyTrip by 129.2% in the second quarter. Marshall Wace LLP now owns 956,172 shares of the technology company's stock valued at $80,414,000 after acquiring an additional 539,067 shares during the period. Finally, Wasatch Advisors LP purchased a new position in shares of MakeMyTrip during the third quarter worth approximately $44,521,000. 51.89% of the stock is owned by institutional investors and hedge funds.

MakeMyTrip Price Performance

MakeMyTrip stock traded up $2.32 during midday trading on Tuesday, reaching $117.36. The company's stock had a trading volume of 542,541 shares, compared to its average volume of 712,705. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. MakeMyTrip Limited has a fifty-two week low of $43.31 and a fifty-two week high of $123.00. The firm has a market capitalization of $12.88 billion, a PE ratio of 64.13, a P/E/G ratio of 6.77 and a beta of 1.27. The stock's 50 day simple moving average is $104.86 and its 200 day simple moving average is $95.31.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.10. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. The company had revenue of $210.99 million during the quarter, compared to the consensus estimate of $214.90 million. During the same period last year, the firm earned $0.18 EPS. On average, equities research analysts forecast that MakeMyTrip Limited will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on MMYT shares. StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th. Bank of America increased their price target on MakeMyTrip from $112.00 to $119.00 and gave the stock a "buy" rating in a report on Thursday, October 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.