MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Capital World Investors

Capital World Investors trimmed its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 641,216 shares of the technology company's stock after selling 98,811 shares during the quarter. Capital World Investors owned 0.58% of MakeMyTrip worth $71,996,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. USA Financial Formulas bought a new stake in shares of MakeMyTrip during the fourth quarter worth $35,000. Steward Partners Investment Advisory LLC lifted its position in shares of MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after purchasing an additional 111 shares during the last quarter. Signaturefd LLC purchased a new position in shares of MakeMyTrip during the fourth quarter valued at $74,000. R Squared Ltd purchased a new position in shares of MakeMyTrip during the fourth quarter valued at $99,000. Finally, BOCHK Asset Management Ltd increased its stake in shares of MakeMyTrip by 266.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock valued at $124,000 after buying an additional 800 shares during the period. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Stock Up 1.5 %

Shares of MakeMyTrip stock traded up $1.64 during trading on Friday, hitting $107.64. 565,893 shares of the stock traded hands, compared to its average volume of 718,775. The firm has a market cap of $11.82 billion, a P/E ratio of 58.50, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 52-week low of $65.54 and a 52-week high of $123.00. The stock's fifty day simple moving average is $97.56 and its 200 day simple moving average is $105.03.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings results 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%. On average, equities analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th.

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.