MakeMyTrip Limited (NASDAQ:MMYT) Position Trimmed by Banque Pictet & Cie SA

Banque Pictet & Cie SA lowered its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 6.5% in the 4th quarter, Holdings Channel reports. The fund owned 17,028 shares of the technology company’s stock after selling 1,187 shares during the period. Banque Pictet & Cie SA’s holdings in MakeMyTrip were worth $1,912,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Harbour Capital Advisors LLC grew its position in shares of MakeMyTrip by 0.9% during 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 during the last quarter. Caprock Group LLC grew its position in shares of MakeMyTrip by 6.4% during the third quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock worth $346,000 after acquiring an additional 224 shares during the last quarter. Advisors Asset Management Inc. grew its position in 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 in the last quarter. USA Financial Formulas bought a new position in MakeMyTrip in the 4th quarter valued at about $35,000. Finally, Robeco Institutional Asset Management B.V. grew its position in MakeMyTrip by 1.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock valued at $3,887,000 after buying an additional 400 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Price Performance

Shares of NASDAQ MMYT opened at $103.58 on Friday. MakeMyTrip Limited has a twelve month low of $55.60 and a twelve month high of $123.00. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 56.29, a PEG ratio of 7.53 and a beta of 1.28. The firm has a 50-day moving average of $111.76 and a two-hundred day moving average of $104.44.

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 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, analysts expect that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Bank of America increased their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, December 27th. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

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.