C WorldWide Group Holding A S Has $31.28 Million Position in MakeMyTrip Limited (NASDAQ:MMYT)

C WorldWide Group Holding A S reduced its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 278,573 shares of the technology company’s stock after selling 3,993 shares during the period. MakeMyTrip makes up about 0.4% of C WorldWide Group Holding A S’s portfolio, making the stock its 28th biggest holding. C WorldWide Group Holding A S’s holdings in MakeMyTrip were worth $31,278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Navellier & Associates Inc. raised its holdings in MakeMyTrip by 32.7% in the 4th quarter. Navellier & Associates Inc. now owns 45,840 shares of the technology company’s stock valued at $5,147,000 after acquiring an additional 11,305 shares in the last quarter. O Neil Global Advisors Inc. acquired a new position in shares of MakeMyTrip during the 4th quarter worth $1,399,000. Handelsbanken Fonder AB raised its holdings in shares of MakeMyTrip by 9.2% during the 4th quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company’s stock worth $5,044,000 after buying an additional 3,800 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of MakeMyTrip by 100.2% during the 4th quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company’s stock worth $11,372,000 after buying an additional 50,689 shares in the last quarter. Finally, Csenge Advisory Group raised its holdings in shares of MakeMyTrip by 11.3% during the 4th quarter. Csenge Advisory Group now owns 4,159 shares of the technology company’s stock worth $467,000 after buying an additional 421 shares in the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America boosted their price objective on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, December 27th.

MakeMyTrip Trading Down 3.7 %

Shares of MMYT stock opened at $97.87 on Monday. The firm has a market capitalization of $10.74 billion, a P/E ratio of 53.19, a P/E/G ratio of 6.56 and a beta of 1.28. MakeMyTrip Limited has a twelve month low of $56.72 and a twelve month high of $123.00. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $109.86 and its 200 day simple moving average is $105.19.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share 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, sell-side analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

MakeMyTrip Company 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.