Baron Wealth Management LLC Sells 930 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Baron Wealth Management LLC lessened its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,389 shares of the technology company’s stock after selling 930 shares during the quarter. Baron Wealth Management LLC’s holdings in MakeMyTrip were worth $408,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Baillie Gifford & Co. boosted its position in shares of MakeMyTrip by 85.7% in the second quarter. Baillie Gifford & Co. now owns 4,072,452 shares of the technology company’s stock valued at $342,493,000 after acquiring an additional 1,879,726 shares during the period. William Blair Investment Management LLC boosted its position in shares of MakeMyTrip by 54.5% in the second quarter. William Blair Investment Management LLC now owns 1,099,062 shares of the technology company’s stock valued at $92,431,000 after acquiring an additional 387,695 shares during the period. Marshall Wace LLP boosted its position in shares of MakeMyTrip by 129.2% in the second quarter. Marshall Wace LLP now owns 956,172 shares of the technology company’s stock valued at $80,414,000 after acquiring an additional 539,067 shares during the period. Sei Investments Co. raised its stake in MakeMyTrip by 39.7% in the second quarter. Sei Investments Co. now owns 458,962 shares of the technology company’s stock valued at $38,599,000 after purchasing an additional 130,424 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in MakeMyTrip by 143.2% in the first quarter. Janus Henderson Group PLC now owns 458,534 shares of the technology company’s stock valued at $32,574,000 after purchasing an additional 269,988 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Up 2.9 %

Shares of NASDAQ MMYT opened at $100.32 on Tuesday. The company has a current ratio of 2.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.19. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 54.82, a PEG ratio of 5.48 and a beta of 1.27. MakeMyTrip Limited has a 12 month low of $41.56 and a 12 month high of $113.61. The stock has a 50-day moving average price of $101.51 and a two-hundred day moving average price of $91.43.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.26 by $0.10. The firm had revenue of $210.99 million during the quarter, compared to the consensus estimate of $214.90 million. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. During the same quarter in the previous year, the firm earned $0.18 earnings per share. As a group, analysts forecast that MakeMyTrip Limited will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on MMYT. Bank of America boosted their price target on MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Citigroup boosted their price target on MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th.

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.