Virtu Financial LLC Reduces Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

Virtu Financial LLC cut its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 47.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,045 shares of the technology company’s stock after selling 5,548 shares during the quarter. Virtu Financial LLC’s holdings in MakeMyTrip were worth $679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MMYT. Natixis Advisors LLC purchased a new position in shares of MakeMyTrip during the third quarter valued at about $1,219,000. Advisors Asset Management Inc. boosted its position in MakeMyTrip by 100.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after acquiring an additional 225 shares in the last quarter. Citigroup Inc. grew its holdings in shares of MakeMyTrip by 154.3% during the 3rd quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock worth $5,588,000 after acquiring an additional 36,476 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of MakeMyTrip by 20.6% in the 3rd 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, FMR LLC lifted its stake in shares of MakeMyTrip by 51.2% in the 3rd quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock valued at $337,917,000 after purchasing an additional 1,230,916 shares during the period. Institutional investors own 51.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Bank of America boosted 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.

MakeMyTrip Trading Up 5.9 %

MakeMyTrip stock opened at $107.02 on Tuesday. MakeMyTrip Limited has a 12 month low of $60.55 and a 12 month high of $123.00. 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 business’s fifty day simple moving average is $101.92 and its two-hundred day simple moving average is $105.02. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of 58.16, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. As a group, equities analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

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.