Capital International Investors Trims Stock Position in MakeMyTrip Limited $MMYT

Capital International Investors lowered its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,555,556 shares of the technology company’s stock after selling 162,227 shares during the period. Capital International Investors’ holdings in MakeMyTrip were worth $127,742,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Leonteq Securities AG purchased a new position in shares of MakeMyTrip in the 4th quarter valued at about $29,000. Parallel Advisors LLC boosted its holdings in shares of MakeMyTrip by 244.8% during the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after purchasing an additional 284 shares during the last quarter. Stone House Investment Management LLC boosted its holdings in shares of MakeMyTrip by 50.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after purchasing an additional 200 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in MakeMyTrip by 893.9% in the fourth quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock valued at $54,000 after acquiring an additional 590 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in MakeMyTrip by 4,420.0% in the third quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock valued at $86,000 after acquiring an additional 884 shares during the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $41.70 on Tuesday. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 38.85. The company has a market cap of $4.64 billion, a P/E ratio of 166.80 and a beta of 1.01. MakeMyTrip Limited has a 52 week low of $32.67 and a 52 week high of $104.99. The company has a 50-day moving average price of $44.27 and a 200 day moving average price of $58.23.

Wall Street Analyst Weigh In

A number of research firms recently commented on MMYT. Citigroup reiterated a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of MakeMyTrip in a research report on Thursday, May 7th. Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. Finally, Zacks Research lowered MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

About MakeMyTrip

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.