Capital International Investors Sells 1,046,797 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Capital International Investors lowered its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 40.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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’ holdings in MakeMyTrip were worth $176,110,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

MMYT has been the topic of several analyst reports. Bank of America upped their target price on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

MakeMyTrip Trading Up 1.4 %

Shares of NASDAQ:MMYT opened at $103.30 on Friday. The company has a 50-day simple moving average of $97.50 and a 200 day simple moving average of $104.74. The company has a market capitalization of $11.34 billion, a P/E ratio of 56.14, a price-to-earnings-growth 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. MakeMyTrip Limited has a 52-week low of $60.77 and a 52-week high of $123.00.

MakeMyTrip (NASDAQ:MMYT) 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 net margin of 25.42% and a return on equity of 11.46%. Sell-side analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share 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.