Aubrey Capital Management Ltd Sells 39,180 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Aubrey Capital Management Ltd reduced its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 13.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 262,520 shares of the technology company’s stock after selling 39,180 shares during the period. MakeMyTrip accounts for approximately 9.4% of Aubrey Capital Management Ltd’s holdings, making the stock its 2nd biggest position. Aubrey Capital Management Ltd’s holdings in MakeMyTrip were worth $24,401,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbour Capital Advisors LLC raised its position in MakeMyTrip by 0.9% in the third quarter. Harbour Capital Advisors LLC now owns 20,280 shares of the technology company’s stock worth $2,008,000 after acquiring an additional 175 shares in the last quarter. Thornburg Investment Management Inc. lifted its stake in MakeMyTrip by 0.8% during the second quarter. Thornburg Investment Management Inc. now owns 24,580 shares of the technology company’s stock valued at $2,100,000 after purchasing an additional 204 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in MakeMyTrip by 44.1% during the second quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company’s stock valued at $65,000 after purchasing an additional 236 shares during the last quarter. Park Place Capital Corp bought a new stake in MakeMyTrip during the third quarter worth approximately $25,000. Finally, Bank of New York Mellon Corp grew its position in MakeMyTrip by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 30,712 shares of the technology company’s stock worth $2,583,000 after buying an additional 324 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Stock Up 0.1 %

NASDAQ:MMYT opened at $104.35 on Thursday. MakeMyTrip Limited has a 1-year low of $41.51 and a 1-year high of $113.61. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 57.02, a PEG ratio of 5.86 and a beta of 1.27. The company has a current ratio of 2.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average price is $101.05 and its 200 day moving average price is $90.70.

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 business 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 in the prior year, the firm earned $0.18 earnings per share. On average, sell-side analysts forecast that MakeMyTrip Limited will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MMYT. StockNews.com raised MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Tuesday. Bank of America lifted their price target on MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Citigroup upped their price objective on shares of MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th.

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.