Capital International Sarl Decreases Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Capital International Sarl decreased its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 30.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,579 shares of the technology company's stock after selling 15,814 shares during the period. Capital International Sarl's holdings in MakeMyTrip were worth $4,107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its position in 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 purchasing an additional 111 shares during the last quarter. USA Financial Formulas bought a new stake in MakeMyTrip during the fourth quarter worth approximately $35,000. Robeco Institutional Asset Management B.V. raised its position in MakeMyTrip by 1.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company's stock valued at $3,887,000 after purchasing an additional 400 shares during the period. Csenge Advisory Group lifted its stake in shares of MakeMyTrip by 11.3% in the 4th quarter. Csenge Advisory Group now owns 4,159 shares of the technology company's stock valued at $467,000 after purchasing an additional 421 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in shares of MakeMyTrip by 17.7% in the 4th quarter. Bleakley Financial Group LLC now owns 3,272 shares of the technology company's stock worth $367,000 after purchasing an additional 493 shares during the period. Institutional investors own 51.89% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MMYT. Bank of America raised 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. StockNews.com cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th.

MakeMyTrip Trading Up 3.9 %

Shares of NASDAQ:MMYT traded up $4.07 during trading on Thursday, reaching $107.20. 280,706 shares of the company were exchanged, compared to its average volume of 715,418. The business's fifty day simple moving average is $97.40 and its 200-day simple moving average is $104.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. MakeMyTrip Limited has a 12-month low of $64.30 and a 12-month high of $123.00. The firm has a market capitalization of $11.77 billion, a PE ratio of 58.26, a P/E/G ratio of 6.56 and a beta of 1.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings data 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 return on equity of 11.46% and a net margin of 25.42%. On average, research analysts anticipate that MakeMyTrip Limited will post 1.27 EPS for the current year.

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.