C WorldWide Group Holding A S Sells 3,993 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

C WorldWide Group Holding A S decreased its position in MakeMyTrip Limited (NASDAQ:MMYT) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 278,573 shares of the technology company’s stock after selling 3,993 shares during the period. MakeMyTrip accounts for 0.4% of C WorldWide Group Holding A S’s portfolio, making the stock its 28th largest position. C WorldWide Group Holding A S owned 0.25% of MakeMyTrip worth $31,278,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in MakeMyTrip in the fourth quarter valued at about $35,000. Advisors Asset Management Inc. lifted its stake in MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after buying an additional 225 shares during the period. R Squared Ltd acquired a new position in MakeMyTrip in the fourth quarter valued at about $99,000. BOCHK Asset Management Ltd lifted 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 buying an additional 800 shares during the period. Finally, D Orazio & Associates Inc. acquired a new position in MakeMyTrip in the third quarter valued at about $210,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Down 3.7 %

Shares of MakeMyTrip stock opened at $97.87 on Monday. The business’s 50 day simple moving average is $109.86 and its 200 day simple moving average is $105.19. MakeMyTrip Limited has a 52-week low of $56.72 and a 52-week high of $123.00. The firm has a market cap of $10.74 billion, a PE ratio of 53.19, a P/E/G ratio of 6.56 and a beta of 1.28. 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 (NASDAQ:MMYT) last posted its quarterly 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%. On average, analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.