MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Carrhae Capital LLP

Carrhae Capital LLP reduced its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 40.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,950 shares of the technology company’s stock after selling 144,009 shares during the period. MakeMyTrip accounts for approximately 2.0% of Carrhae Capital LLP’s holdings, making the stock its 15th biggest position. Carrhae Capital LLP owned approximately 0.19% of MakeMyTrip worth $23,685,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC boosted its stake in shares of MakeMyTrip by 51.2% during the 3rd quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock worth $337,917,000 after acquiring an additional 1,230,916 shares in the last quarter. American Century Companies Inc. lifted 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 valued at $142,528,000 after buying an additional 188,234 shares in the last quarter. William Blair Investment Management LLC boosted 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 worth $105,066,000 after buying an additional 34,919 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of MakeMyTrip by 20.6% in the third quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock worth $58,750,000 after acquiring an additional 107,814 shares in the last quarter. Finally, GQG Partners LLC acquired a new stake in shares of MakeMyTrip during the fourth quarter valued at approximately $60,465,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America boosted their target price on shares of 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 MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

MakeMyTrip Trading Up 5.9 %

MakeMyTrip stock opened at $107.02 on Tuesday. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 12 month low of $60.55 and a 12 month high of $123.00. The company’s fifty day simple moving average is $101.92 and its 200-day simple moving average is $105.02. The stock has a market cap of $11.75 billion, a P/E ratio of 58.16, a P/E/G ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current fiscal 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.