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

Virtu Financial LLC decreased its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 47.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,045 shares of the technology company’s stock after selling 5,548 shares during the period. Virtu Financial LLC’s holdings in MakeMyTrip were worth $679,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its holdings in shares of MakeMyTrip by 51.2% during the third 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 last quarter. William Blair Investment Management LLC grew its position in MakeMyTrip by 3.9% in the 4th quarter. William Blair Investment Management LLC now owns 935,751 shares of the technology company’s stock worth $105,066,000 after purchasing an additional 34,919 shares during the period. The Manufacturers Life Insurance Company raised its stake in MakeMyTrip by 20.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock valued at $58,750,000 after buying an additional 107,814 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of MakeMyTrip by 1.3% during the 3rd quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company’s stock valued at $47,258,000 after buying an additional 6,378 shares during the period. Finally, Wasatch Advisors LP purchased a new position in shares of MakeMyTrip in the 3rd quarter worth $44,521,000. Institutional investors own 51.89% of the company’s stock.

Analysts Set New Price Targets

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

Shares of MMYT stock opened at $107.02 on Tuesday. MakeMyTrip Limited has a 1 year low of $60.55 and a 1 year high of $123.00. The firm has a fifty day moving average price of $101.92 and a 200-day moving average price of $105.02. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 58.16, a PEG ratio of 6.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88.

MakeMyTrip (NASDAQ:MMYT) last issued 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%. As a group, equities analysts predict that MakeMyTrip Limited will post 1.27 earnings per share 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.