Amundi Sells 100,986 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Amundi decreased its position in MakeMyTrip Limited (NASDAQ:MMYT) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,572 shares of the technology company’s stock after selling 100,986 shares during the quarter. Amundi’s holdings in MakeMyTrip were worth $52,508,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its position in MakeMyTrip by 51.2% during the third quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock valued at $337,917,000 after buying an additional 1,230,916 shares during the period. Jennison Associates LLC grew its position in MakeMyTrip by 282.4% during the third quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock valued at $215,325,000 after buying an additional 1,710,773 shares during the period. The Manufacturers Life Insurance Company grew its position in MakeMyTrip by 20.6% during the third quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock valued at $58,750,000 after buying an additional 107,814 shares during the period. Janus Henderson Group PLC grew its position in MakeMyTrip by 1.3% during the third quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company’s stock valued at $47,258,000 after buying an additional 6,378 shares during the period. Finally, Wasatch Advisors LP bought a new position in MakeMyTrip during the third quarter valued at about $44,521,000. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Trading Up 3.7 %

Shares of MMYT opened at $93.01 on Thursday. The firm’s 50 day simple moving average is $104.11 and its 200 day simple moving average is $104.78. The company has a market capitalization of $10.21 billion, a P/E ratio of 50.55, a P/E/G ratio of 6.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. MakeMyTrip Limited has a 1-year low of $60.55 and a 1-year high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last announced its earnings results 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 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 fiscal year.

Analyst Ratings Changes

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

About MakeMyTrip

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.