MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership decreased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 15.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,887,698 shares of the technology company’s stock after selling 345,576 shares during the period. Artisan Partners Limited Partnership owned approximately 1.72% of MakeMyTrip worth $211,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MMYT. USA Financial Formulas acquired a new position in shares of MakeMyTrip during the 4th quarter valued at $35,000. Steward Partners Investment Advisory LLC boosted its stake in MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after buying an additional 111 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in MakeMyTrip by 100.9% during the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after acquiring an additional 225 shares during the period. Signaturefd LLC bought a new stake in MakeMyTrip in the fourth quarter worth about $74,000. Finally, R Squared Ltd acquired a new stake in MakeMyTrip in the 4th quarter valued at about $99,000. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Stock Performance

Shares of MMYT opened at $106.62 on Thursday. MakeMyTrip Limited has a 12 month low of $60.55 and a 12 month high of $123.00. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 57.95, a PEG ratio of 6.56 and a beta of 1.36. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $102.05 and a 200 day simple moving average of $105.13.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Research analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Bank of America raised their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, December 27th. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

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.