MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd cut its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 41.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,320 shares of the technology company's stock after selling 97,500 shares during the quarter. MakeMyTrip makes up approximately 5.4% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 6th largest holding. Aubrey Capital Management Ltd owned about 0.13% of MakeMyTrip worth $13,456,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MMYT. Steward Partners Investment Advisory LLC raised its holdings in MakeMyTrip by 41.4% in 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 in the last quarter. Parallel Advisors LLC increased its holdings in shares of MakeMyTrip by 1,014.9% during the first quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after acquiring an additional 477 shares in the last quarter. Signaturefd LLC acquired a new position in shares of MakeMyTrip during the fourth quarter valued at about $74,000. Gen Wealth Partners Inc increased its holdings in shares of MakeMyTrip by 29.5% during the fourth quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock valued at $81,000 after acquiring an additional 165 shares in the last quarter. Finally, Quadrant Capital Group LLC acquired a new position in shares of MakeMyTrip during the fourth quarter valued at about $125,000. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Stock Performance

MakeMyTrip stock traded down $1.70 during mid-day trading on Friday, hitting $98.72. The company had a trading volume of 571,520 shares, compared to its average volume of 699,900. 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 12-month low of $76.80 and a 12-month high of $123.00. The company's fifty day moving average is $102.54 and its 200-day moving average is $104.78. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of 53.65, a P/E/G ratio of 6.56 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MMYT. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Citigroup upped their target price on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 15th.

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.