MakeMyTrip Limited (NASDAQ:MMYT) Holdings Lowered by Channing Global Advisors LLC

Channing Global Advisors LLC trimmed its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 93.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,200 shares of the technology company’s stock after selling 16,488 shares during the quarter. Channing Global Advisors LLC’s holdings in MakeMyTrip were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MMYT. USA Financial Formulas bought a new stake in shares of MakeMyTrip in the 4th quarter worth approximately $35,000. Advisors Asset Management Inc. raised its holdings in shares of MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after purchasing an additional 225 shares in the last quarter. R Squared Ltd bought a new stake in shares of MakeMyTrip in the 4th quarter worth approximately $99,000. BOCHK Asset Management Ltd raised its holdings in shares of MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock worth $124,000 after purchasing an additional 800 shares in the last quarter. Finally, D Orazio & Associates Inc. bought a new stake in shares of MakeMyTrip in the 3rd quarter worth approximately $210,000. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Trading Down 4.9 %

NASDAQ:MMYT opened at $105.34 on Wednesday. The stock’s 50-day moving average is $112.45 and its two-hundred day moving average is $104.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The stock has a market cap of $11.56 billion, a PE ratio of 57.25, a price-to-earnings-growth ratio of 7.53 and a beta of 1.28. MakeMyTrip Limited has a fifty-two week low of $55.50 and a fifty-two week high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) 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, equities research analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on MMYT. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America boosted their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a 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.