Amansa Capital PTE. LTD. Lowers Position in MakeMyTrip Limited (NASDAQ:MMYT)

Amansa Capital PTE. LTD. lessened its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,800,000 shares of the technology company’s stock after selling 157,320 shares during the period. MakeMyTrip makes up approximately 49.9% of Amansa Capital PTE. LTD.’s holdings, making the stock its 2nd largest position. Amansa Capital PTE. LTD. owned about 1.64% of MakeMyTrip worth $202,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MMYT. BNP Paribas Financial Markets increased its position in shares of MakeMyTrip by 48.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,783 shares of the technology company’s stock valued at $259,000 after purchasing an additional 903 shares during the last quarter. Janus Henderson Group PLC grew its position in MakeMyTrip by 1.3% during the third quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company’s stock valued at $47,258,000 after buying an additional 6,378 shares during the period. State Street Corp increased its holdings in MakeMyTrip by 5.8% during the third quarter. State Street Corp now owns 106,537 shares of the technology company’s stock valued at $9,903,000 after buying an additional 5,814 shares during the last quarter. XTX Topco Ltd bought a new position in MakeMyTrip in the third quarter worth approximately $818,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of MakeMyTrip during the 3rd quarter worth $858,000. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MMYT. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Bank of America lifted their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, December 27th.

MakeMyTrip Stock Up 2.3 %

NASDAQ MMYT opened at $101.39 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. MakeMyTrip Limited has a 12 month low of $60.55 and a 12 month high of $123.00. The stock’s 50 day moving average is $101.78 and its 200 day moving average is $105.24. The stock has a market cap of $11.13 billion, a PE ratio of 55.10, a P/E/G ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last announced 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%. Research analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

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.