Vestmark Advisory Solutions Inc. Sells 321 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Vestmark Advisory Solutions Inc. trimmed its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 10.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,671 shares of the technology company’s stock after selling 321 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in MakeMyTrip were worth $300,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MMYT. Steward Partners Investment Advisory LLC lifted its holdings in shares of MakeMyTrip by 41.4% during the 4th 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 during the last quarter. Caprock Group LLC increased its position in MakeMyTrip by 6.4% during the 3rd quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock valued at $346,000 after buying an additional 224 shares in the last quarter. Advisors Asset Management Inc. raised its stake in MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after buying an additional 225 shares during the last quarter. USA Financial Formulas acquired a new stake in MakeMyTrip in the fourth quarter worth about $35,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of MakeMyTrip by 1.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock worth $3,887,000 after acquiring an additional 400 shares during the last quarter. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Stock Up 0.1 %

Shares of MMYT stock opened at $87.11 on Monday. MakeMyTrip Limited has a fifty-two week low of $59.51 and a fifty-two week high of $123.00. The firm has a market capitalization of $9.56 billion, a PE ratio of 47.34, a P/E/G ratio of 6.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The stock’s 50-day simple moving average is $105.52 and its 200-day simple moving average is $105.03.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Equities analysts expect that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

MMYT has been the subject of several research analyst reports. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. 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.

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.