EAM Global Investors LLC Cuts Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

EAM Global Investors LLC lowered its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 12.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,305 shares of the technology company's stock after selling 8,325 shares during the quarter. MakeMyTrip comprises approximately 1.2% of EAM Global Investors LLC's investment portfolio, making the stock its 11th biggest position. EAM Global Investors LLC owned about 0.05% of MakeMyTrip worth $6,771,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. USA Financial Formulas acquired a new stake in MakeMyTrip in the fourth quarter valued at $35,000. Steward Partners Investment Advisory LLC grew its position in MakeMyTrip by 41.4% in the 4th 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 period. Signaturefd LLC bought a new position in shares of MakeMyTrip in the fourth quarter valued at $74,000. R Squared Ltd bought a new stake in MakeMyTrip during the 4th quarter worth approximately $99,000. Finally, BOCHK Asset Management Ltd boosted its holdings in MakeMyTrip by 266.7% during the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock worth $124,000 after acquiring an additional 800 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MMYT. StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. Bank of America boosted their target price 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 Performance

NASDAQ:MMYT traded down $3.11 during mid-day trading on Monday, hitting $100.19. 77,261 shares of the company traded hands, compared to its average volume of 717,601. MakeMyTrip Limited has a one year low of $60.77 and a one year high of $123.00. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of 54.45, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00. The stock's fifty day moving average price is $97.50 and its 200-day moving average price is $104.84.

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

MakeMyTrip Company 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.