MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Caprock Group LLC

Caprock Group LLC decreased its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 14.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,179 shares of the technology company’s stock after selling 547 shares during the quarter. Caprock Group LLC’s holdings in MakeMyTrip were worth $357,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MMYT. Natixis Advisors LLC acquired a new stake in MakeMyTrip during the third quarter valued at $1,219,000. Citigroup Inc. grew its position in shares of MakeMyTrip by 154.3% during the 3rd quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock valued at $5,588,000 after acquiring an additional 36,476 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of MakeMyTrip in the 3rd quarter valued at about $1,134,000. GSA Capital Partners LLP acquired a new position in MakeMyTrip in the 3rd quarter worth about $674,000. Finally, U S Global Investors Inc. boosted its position in MakeMyTrip by 7.2% during the third quarter. U S Global Investors Inc. now owns 105,335 shares of the technology company’s stock worth $9,791,000 after purchasing an additional 7,114 shares in the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MMYT has been the topic of a number of recent analyst reports. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Bank of America lifted 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.

MakeMyTrip Stock Performance

NASDAQ:MMYT opened at $119.85 on Thursday. 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’s 50-day moving average price is $112.39 and its 200-day moving average price is $103.69. MakeMyTrip Limited has a twelve month low of $54.94 and a twelve month high of $123.00. The company has a market cap of $13.16 billion, a P/E ratio of 65.14, a P/E/G ratio of 7.05 and a beta of 1.29.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS 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%. On average, sell-side analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

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.