Artisan Partners Limited Partnership Has $211.95 Million Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Artisan Partners Limited Partnership lowered its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 15.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,887,698 shares of the technology company’s stock after selling 345,576 shares during the quarter. Artisan Partners Limited Partnership’s holdings in MakeMyTrip were worth $211,951,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. USA Financial Formulas purchased a new stake in MakeMyTrip during the fourth quarter valued at about $35,000. Advisors Asset Management Inc. increased its holdings in shares of MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after buying an additional 225 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position 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 purchasing an additional 111 shares in the last quarter. Signaturefd LLC bought a new stake in MakeMyTrip in the 4th quarter worth approximately $74,000. Finally, R Squared Ltd bought a new position in shares of MakeMyTrip during the 4th quarter valued at $99,000. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Down 1.3 %

NASDAQ MMYT opened at $106.62 on Thursday. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 52 week low of $60.55 and a 52 week high of $123.00. The company has a market capitalization of $11.70 billion, a P/E ratio of 57.95, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. The stock’s 50-day moving average price is $102.05 and its 200-day moving average price is $105.13.

MakeMyTrip (NASDAQ:MMYT) last released 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%. On average, equities research analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MMYT shares. Bank of America raised their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

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.