Capital International Investors Has $258.62 Million Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

Capital International Investors trimmed its position in MakeMyTrip Limited (NASDAQ:MMYT) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,639,949 shares of the technology company’s stock after selling 351,871 shares during the quarter. Capital International Investors owned approximately 3.43% of MakeMyTrip worth $258,618,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in shares of MakeMyTrip during the 4th quarter worth about $50,000. HMS Capital Management LLC acquired a new position in shares of MakeMyTrip during the 1st quarter worth about $231,000. Oppenheimer & Co. Inc. acquired a new position in shares of MakeMyTrip during the 1st quarter worth about $283,000. Precision Wealth Strategies LLC acquired a new position in shares of MakeMyTrip during the 1st quarter worth about $284,000. Finally, Catalytic Wealth RIA LLC acquired a new position in shares of MakeMyTrip during the 4th quarter worth about $207,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MMYT has been the topic of several recent analyst reports. Bank of America lifted their price objective on MakeMyTrip from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup boosted their target price on MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.67.

MakeMyTrip Stock Performance

Shares of MMYT stock traded up $2.69 during trading on Friday, reaching $92.24. 670,665 shares of the company’s stock were exchanged, compared to its average volume of 779,258. The company has a quick ratio of 2.88, a current ratio of 2.78 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $10.13 billion, a PE ratio of 55.23, a PEG ratio of 6.97 and a beta of 1.30. MakeMyTrip Limited has a twelve month low of $28.13 and a twelve month high of $100.22. The firm’s fifty day moving average price is $83.42 and its 200-day moving average price is $69.88.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, May 15th. The technology company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. The firm had revenue of $202.89 million for the quarter, compared to analyst estimates of $195.15 million. As a group, sell-side analysts anticipate that MakeMyTrip Limited will post 0.96 EPS for the current year.

MakeMyTrip 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.