MakeMyTrip Limited (NASDAQ:MMYT) Stake Lessened by Capital International Sarl

Capital International Sarl decreased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 30.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,579 shares of the technology company’s stock after selling 15,814 shares during the quarter. Capital International Sarl’s holdings in MakeMyTrip were worth $4,107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. USA Financial Formulas purchased a new stake in shares of MakeMyTrip in the fourth quarter worth approximately $35,000. Steward Partners Investment Advisory LLC grew its holdings in shares of MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after acquiring an additional 111 shares in the last quarter. Signaturefd LLC acquired a new position in shares of MakeMyTrip in the fourth quarter worth $74,000. R Squared Ltd acquired a new stake in MakeMyTrip during the fourth quarter valued at $99,000. Finally, BOCHK Asset Management Ltd grew its stake in MakeMyTrip by 266.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock valued at $124,000 after purchasing an additional 800 shares in the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

MakeMyTrip Stock Up 1.4 %

Shares of MMYT stock opened at $103.30 on Friday. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 56.14, a PEG ratio of 6.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The stock’s 50 day simple moving average is $97.50 and its 200 day simple moving average is $104.62. MakeMyTrip Limited has a twelve month low of $60.55 and a twelve month high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share 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, research analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current year.

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.