Capital International Investors Cuts Position in MakeMyTrip Limited (NASDAQ:MMYT)

Capital International Investors trimmed its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 40.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,568,491 shares of the technology company's stock after selling 1,046,797 shares during the period. Capital International Investors owned 1.43% of MakeMyTrip worth $176,110,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Norges Bank bought a new stake in shares of MakeMyTrip during the fourth quarter worth $97,833,000. GQG Partners LLC bought a new position in MakeMyTrip in the fourth quarter valued at approximately $60,465,000. Martin Currie Ltd. bought a new stake in shares of MakeMyTrip during the 4th quarter worth approximately $45,966,000. Bank of New York Mellon Corp boosted its holdings in shares of MakeMyTrip by 939.1% in the 4th quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company's stock valued at $36,959,000 after buying an additional 297,493 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new position in MakeMyTrip during the fourth quarter worth $28,241,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MMYT has been the subject of several recent analyst reports. Bank of America raised their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, December 27th. StockNews.com cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th.

MakeMyTrip Price Performance

MMYT traded up $0.75 during midday trading on Friday, hitting $106.75. The stock had a trading volume of 256,543 shares, compared to its average volume of 842,864. The business has a fifty day moving average of $97.44 and a 200 day moving average of $104.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. MakeMyTrip Limited has a 1 year low of $65.54 and a 1 year high of $123.00. The company has a market cap of $11.72 billion, a P/E ratio of 57.98, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. As a group, equities analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal 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.