Capital International Inc. CA Has $43.20 Million Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Capital International Inc. CA lowered its position in MakeMyTrip Limited (NASDAQ:MMYT) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 384,770 shares of the technology company’s stock after selling 83,324 shares during the quarter. Capital International Inc. CA owned 0.35% of MakeMyTrip worth $43,202,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. USA Financial Formulas bought a new stake in MakeMyTrip in the 4th quarter valued at $35,000. Steward Partners Investment Advisory LLC lifted its stake in MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after purchasing an additional 111 shares during the period. Signaturefd LLC acquired a new stake in MakeMyTrip in the 4th quarter valued at $74,000. R Squared Ltd acquired a new position in MakeMyTrip during the fourth quarter worth $99,000. Finally, BOCHK Asset Management Ltd boosted its stake in shares of MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock valued at $124,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MMYT shares. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Bank of America raised their price target on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th.

MakeMyTrip Stock Performance

Shares of MakeMyTrip stock opened at $103.30 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The firm has a 50 day simple moving average of $97.50 and a 200 day simple moving average of $104.62. MakeMyTrip Limited has a fifty-two week low of $60.55 and a fifty-two week high of $123.00. The firm has a market cap of $11.34 billion, a P/E ratio of 56.14, a P/E/G ratio of 6.56 and a beta of 1.00.

MakeMyTrip (NASDAQ:MMYT) last released its 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 net margin of 25.42% and a return on equity of 11.46%. Sell-side analysts predict 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.