Capital International Inc. CA Sells 83,324 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Capital International Inc. CA reduced its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 384,770 shares of the technology company's stock after selling 83,324 shares during the quarter. Capital International Inc. CA owned approximately 0.35% of MakeMyTrip worth $43,202,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MMYT. Schroder Investment Management Group raised its holdings in MakeMyTrip by 3.6% in the fourth quarter. Schroder Investment Management Group now owns 4,118,898 shares of the technology company's stock worth $462,470,000 after purchasing an additional 141,507 shares in the last quarter. FMR LLC increased its stake in shares of MakeMyTrip by 4.3% in the 4th quarter. FMR LLC now owns 3,793,574 shares of the technology company's stock worth $425,942,000 after acquiring an additional 158,101 shares in the last quarter. Franklin Resources Inc. lifted its position in MakeMyTrip by 0.9% during the 4th quarter. Franklin Resources Inc. now owns 1,503,980 shares of the technology company's stock valued at $168,867,000 after acquiring an additional 13,157 shares during the period. American Century Companies Inc. boosted its stake in MakeMyTrip by 17.4% during the fourth quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock worth $142,528,000 after acquiring an additional 188,234 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in MakeMyTrip by 3.9% in the fourth quarter. William Blair Investment Management LLC now owns 935,751 shares of the technology company's stock worth $105,066,000 after purchasing an additional 34,919 shares during the period. 51.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MMYT shares. StockNews.com lowered MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Bank of America lifted their price target on MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, December 27th.

MakeMyTrip Stock Up 4.0 %

Shares of MMYT stock traded up $4.10 during mid-day trading on Thursday, hitting $107.23. The company's stock had a trading volume of 506,239 shares, compared to its average volume of 716,074. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 58.46, a PEG ratio of 6.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. MakeMyTrip Limited has a 52-week low of $64.30 and a 52-week high of $123.00. The business has a 50-day moving average price of $97.40 and a 200 day moving average price of $104.83.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share 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 predict that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

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.