Northwest & Ethical Investments L.P. Decreases Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Northwest & Ethical Investments L.P. lowered its position in MakeMyTrip Limited (NASDAQ:MMYT) by 29.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,546 shares of the technology company’s stock after selling 4,461 shares during the period. Northwest & Ethical Investments L.P.’s holdings in MakeMyTrip were worth $980,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MMYT. Vanguard Group Inc. purchased a new position in MakeMyTrip in the first quarter worth $2,317,000. DekaBank Deutsche Girozentrale purchased a new position in MakeMyTrip during the 1st quarter worth $283,000. EverSource Wealth Advisors LLC increased its position in MakeMyTrip by 163.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock valued at $35,000 after buying an additional 332 shares in the last quarter. Capital CS Group LLC purchased a new stake in MakeMyTrip in the second quarter valued at about $656,000. Finally, Bank Pictet & Cie Asia Ltd. acquired a new stake in MakeMyTrip in the second quarter worth about $773,000. Institutional investors own 51.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MMYT. Bank of America increased their price objective on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th.

MakeMyTrip Trading Up 0.6 %

Shares of NASDAQ:MMYT opened at $114.74 on Friday. The business has a 50-day moving average price of $103.02 and a 200-day moving average price of $93.70. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 62.70, a PEG ratio of 6.41 and a beta of 1.27. MakeMyTrip Limited has a 52-week low of $41.56 and a 52-week high of $116.00. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. The company had revenue of $210.99 million during the quarter, compared to analyst estimates of $214.90 million. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. During the same period last year, the firm posted $0.18 EPS. Equities analysts predict that MakeMyTrip Limited will post 1.29 EPS for the current 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.