Redwood Investments LLC Decreases Position in MakeMyTrip Limited (NASDAQ:MMYT)

Redwood Investments LLC lowered its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 47.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,185 shares of the technology company's stock after selling 19,668 shares during the period. Redwood Investments LLC's holdings in MakeMyTrip were worth $2,491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its holdings in MakeMyTrip by 3.6% during the fourth quarter. Schroder Investment Management Group now owns 4,118,898 shares of the technology company's stock worth $462,470,000 after acquiring an additional 141,507 shares during the period. FMR LLC grew its holdings in shares of MakeMyTrip by 4.3% during the fourth quarter. FMR LLC now owns 3,793,574 shares of the technology company's stock worth $425,942,000 after buying an additional 158,101 shares in the last quarter. Franklin Resources Inc. lifted its stake in MakeMyTrip by 0.9% in the 4th quarter. Franklin Resources Inc. now owns 1,503,980 shares of the technology company's stock worth $168,867,000 after purchasing an additional 13,157 shares in the last quarter. American Century Companies Inc. boosted its stake in MakeMyTrip by 17.4% during the fourth quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock worth $142,528,000 after buying an additional 188,234 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of MakeMyTrip by 3.9% in the fourth quarter. William Blair Investment Management LLC now owns 935,751 shares of the technology company's stock valued at $105,066,000 after purchasing an additional 34,919 shares during the period. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Price Performance

MakeMyTrip stock opened at $105.09 on Thursday. MakeMyTrip Limited has a 12 month low of $72.55 and a 12 month high of $123.00. The stock has a market capitalization of $11.54 billion, a PE ratio of 57.11, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92. 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 business has a 50 day simple moving average of $100.56 and a 200-day simple moving average of $105.32.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its earnings results on Wednesday, May 14th. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.08). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. Equities analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th.

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.

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