Alliancebernstein L.P. Cuts Position in MakeMyTrip Limited (NASDAQ:MMYT)

Alliancebernstein L.P. reduced its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,026 shares of the technology company’s stock after selling 8,930 shares during the quarter. Alliancebernstein L.P. owned approximately 0.12% of MakeMyTrip worth $14,487,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its holdings in shares of MakeMyTrip by 3.6% in the 4th quarter. Schroder Investment Management Group now owns 4,118,898 shares of the technology company’s stock valued at $462,470,000 after buying an additional 141,507 shares in the last quarter. American Century Companies Inc. boosted its stake in MakeMyTrip by 17.4% in the fourth quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company’s stock valued at $142,528,000 after acquiring an additional 188,234 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of MakeMyTrip by 3.9% during the fourth quarter. William Blair Investment Management LLC now owns 935,751 shares of the technology company’s stock worth $105,066,000 after purchasing an additional 34,919 shares in the last quarter. Norges Bank purchased a new stake in shares of MakeMyTrip during the 4th quarter valued at $97,833,000. Finally, Axiom Investors LLC DE boosted its position in shares of MakeMyTrip by 3.0% in the 4th quarter. Axiom Investors LLC DE now owns 641,230 shares of the technology company’s stock worth $71,997,000 after purchasing an additional 18,489 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on MMYT shares. Bank of America increased their price target on 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 Stock Performance

Shares of MMYT opened at $88.10 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The stock has a 50-day moving average of $100.02 and a two-hundred day moving average of $104.70. The stock has a market cap of $9.67 billion, a P/E ratio of 47.88, a P/E/G ratio of 6.56 and a beta of 1.00. MakeMyTrip Limited has a one year low of $60.55 and a one year high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Thursday, January 23rd. The technology company reported $0.32 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%. As a group, research analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current year.

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.