MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. lowered its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 860,996 shares of the technology company’s stock after selling 103,655 shares during the quarter. MakeMyTrip makes up approximately 6.8% of Keystone Investors PTE Ltd.’s investment portfolio, making the stock its 5th largest position. Keystone Investors PTE Ltd. owned 0.78% of MakeMyTrip worth $96,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MMYT. USA Financial Formulas bought a new stake in shares of MakeMyTrip in the fourth quarter worth $35,000. Advisors Asset Management Inc. grew its position in shares of MakeMyTrip by 100.9% in the 3rd 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. Steward Partners Investment Advisory LLC grew its position in shares of MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after buying an additional 111 shares during the last quarter. Signaturefd LLC acquired a new stake in shares of MakeMyTrip in the fourth quarter valued at about $74,000. Finally, R Squared Ltd bought a new position in shares of MakeMyTrip during the fourth quarter worth about $99,000. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Stock Performance

NASDAQ:MMYT opened at $107.02 on Tuesday. The firm has a market capitalization of $11.75 billion, a P/E ratio of 58.16, a P/E/G ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a twelve month low of $60.55 and a twelve month high of $123.00. The company has a fifty day moving average of $101.92 and a 200-day moving average of $105.02. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT) last released 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 return on equity of 11.46% and a net margin of 25.42%. As a group, sell-side analysts anticipate that MakeMyTrip Limited will post 1.27 EPS for the current year.

Analysts Set New Price Targets

MMYT has been the subject of several analyst reports. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America boosted their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th.

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.