MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. trimmed its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 13.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,313 shares of the technology company’s stock after selling 14,022 shares during the quarter. MakeMyTrip accounts for about 1.0% of U S Global Investors Inc.’s portfolio, making the stock its 20th biggest holding. U S Global Investors Inc.’s holdings in MakeMyTrip were worth $10,253,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new stake in MakeMyTrip in the 4th quarter worth about $35,000. Advisors Asset Management Inc. increased its position in MakeMyTrip by 100.9% during the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock worth $42,000 after buying an additional 225 shares during the last quarter. R Squared Ltd bought a new position in shares of MakeMyTrip in the 4th quarter valued at approximately $99,000. BOCHK Asset Management Ltd lifted its stake in shares of MakeMyTrip by 266.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock worth $124,000 after buying an additional 800 shares during the last quarter. Finally, Cable Hill Partners LLC bought a new position in shares of MakeMyTrip in the fourth quarter worth about $225,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Price Performance

MMYT opened at $93.07 on Friday. 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 $10.22 billion, a P/E ratio of 50.58, a P/E/G ratio of 6.56 and a beta of 1.29. The company has a fifty day simple moving average of $108.24 and a 200 day simple moving average of $105.06. MakeMyTrip Limited has a 12 month low of $56.90 and a 12 month high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last released its earnings results 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%. On average, research analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MMYT shares. 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 note on Friday, December 27th. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

MakeMyTrip Company 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.