MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. trimmed its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 77.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 907 shares of the technology company’s stock after selling 3,175 shares during the period. Rakuten Securities Inc.’s holdings in MakeMyTrip were worth $102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MMYT. GSA Capital Partners LLP acquired a new stake in shares of MakeMyTrip during the third quarter worth $674,000. D Orazio & Associates Inc. acquired a new stake in shares of MakeMyTrip in the 3rd quarter worth about $210,000. Natixis Advisors LLC acquired a new stake in shares of MakeMyTrip in the 3rd quarter worth about $1,219,000. Caprock Group LLC increased its holdings in shares of MakeMyTrip by 6.4% in the 3rd quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock worth $346,000 after acquiring an additional 224 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of MakeMyTrip by 282.4% in the 3rd quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock worth $215,325,000 after acquiring an additional 1,710,773 shares during the period. 51.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on MMYT. 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 report on Friday, December 27th. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

MakeMyTrip Stock Up 3.7 %

MakeMyTrip stock opened at $93.01 on Thursday. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 50.55, a PEG ratio of 6.56 and a beta of 1.36. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $104.11 and its two-hundred day moving average price is $104.78. MakeMyTrip Limited has a 52 week low of $60.55 and a 52 week high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last released its earnings results 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, analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current fiscal 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.