MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. reduced its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 181,529 shares of the technology company's stock after selling 16,164 shares during the quarter. MakeMyTrip comprises about 0.6% of U S Global Investors Inc.'s portfolio, making the stock its 25th biggest position. U S Global Investors Inc. owned approximately 0.17% of MakeMyTrip worth $8,528,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MMYT. Artisan Partners Limited Partnership bought a new position in shares of MakeMyTrip in the third quarter worth $84,983,000. FMR LLC boosted its stake in MakeMyTrip by 378.4% during the third quarter. FMR LLC now owns 2,620,190 shares of the technology company's stock valued at $106,170,000 after buying an additional 2,072,504 shares during the period. Invesco Ltd. boosted its stake in MakeMyTrip by 5,372.8% during the third quarter. Invesco Ltd. now owns 974,489 shares of the technology company's stock valued at $39,486,000 after buying an additional 956,683 shares during the period. Polar Capital Holdings Plc bought a new stake in MakeMyTrip during the second quarter valued at $15,932,000. Finally, American Century Companies Inc. bought a new stake in MakeMyTrip during the third quarter valued at $22,602,000. 51.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMYT has been the topic of a number of research reports. StockNews.com upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Wednesday, January 24th. Macquarie cut MakeMyTrip from an "outperform" rating to a "neutral" rating and raised their target price for the stock from $50.00 to $60.00 in a research note on Wednesday, February 21st.

MakeMyTrip Stock Down 0.7 %

Shares of MMYT traded down $0.51 during mid-day trading on Thursday, reaching $71.55. The company had a trading volume of 625,976 shares, compared to its average volume of 752,731. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a 50-day moving average price of $61.67 and a 200 day moving average price of $49.40. MakeMyTrip Limited has a 52 week low of $22.50 and a 52 week high of $72.99. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 155.54 and a beta of 1.23.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The technology company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. MakeMyTrip had a return on equity of 10.13% and a net margin of 6.93%. The firm had revenue of $214.22 million for the quarter, compared to analysts' expectations of $210.01 million. On average, sell-side analysts forecast that MakeMyTrip Limited will post 0.84 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.