Capital Wealth Planning LLC Sells 13,682 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Capital Wealth Planning LLC lowered its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 50.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,317 shares of the technology company’s stock after selling 13,682 shares during the quarter. Capital Wealth Planning LLC’s holdings in MakeMyTrip were worth $1,495,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MMYT. Jennison Associates LLC increased its position in shares of MakeMyTrip by 282.4% during the 3rd quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock valued at $215,325,000 after purchasing an additional 1,710,773 shares during the last quarter. FMR LLC increased its position in shares of MakeMyTrip by 51.2% during the 3rd 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. Wasatch Advisors LP bought a new position in shares of MakeMyTrip during the 3rd quarter valued at approximately $44,521,000. Bank of New York Mellon Corp increased its position in shares of MakeMyTrip by 939.1% during the 4th quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company’s stock valued at $36,959,000 after purchasing an additional 297,493 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of 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 purchasing an additional 107,814 shares during the last quarter. Institutional investors own 51.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MMYT. Bank of America boosted their target price on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, December 27th. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

MakeMyTrip Price Performance

MMYT opened at $96.26 on Friday. The business has a fifty day moving average of $107.94 and a 200 day moving average of $105.16. MakeMyTrip Limited has a 52-week low of $57.59 and a 52-week 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 has a market cap of $10.57 billion, a P/E ratio of 52.32, a PEG ratio of 6.56 and a beta of 1.28.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. As a group, sell-side analysts anticipate that MakeMyTrip Limited will post 1.27 EPS for the current year.

About MakeMyTrip

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.