MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 446,031 shares of the technology company's stock after selling 62,576 shares during the quarter. Janus Henderson Group PLC owned approximately 0.41% of MakeMyTrip worth $50,125,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. USA Financial Formulas purchased a new position in MakeMyTrip in the 4th quarter valued at about $35,000. Steward Partners Investment Advisory LLC lifted its stake 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 valued at $43,000 after buying an additional 111 shares during the period. Signaturefd LLC purchased a new position in shares of MakeMyTrip during the fourth quarter valued at approximately $74,000. Gen Wealth Partners Inc boosted its position in MakeMyTrip by 29.5% during the fourth quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock worth $81,000 after acquiring an additional 165 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in MakeMyTrip in the 4th quarter worth approximately $99,000. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Trading Down 1.6%

MMYT stock traded down $1.66 on Monday, hitting $103.79. 55,270 shares of the company were exchanged, compared to its average volume of 720,859. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 56.31, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a twelve month low of $72.55 and a twelve month high of $123.00. The business's fifty day moving average is $101.28 and its two-hundred day moving average is $105.41.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. StockNews.com raised MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday. Citigroup upped their target price on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday.

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.