MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Redwood Investments LLC

Redwood Investments LLC lessened its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 47.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,185 shares of the technology company’s stock after selling 19,668 shares during the quarter. Redwood Investments LLC’s holdings in MakeMyTrip were worth $2,491,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of MMYT. Man Group plc acquired a new position in MakeMyTrip during the 4th quarter worth $1,978,000. MayTech Global Investments LLC grew its position in MakeMyTrip by 3.5% during the fourth quarter. MayTech Global Investments LLC now owns 288,100 shares of the technology company’s stock valued at $32,348,000 after purchasing an additional 9,658 shares in the last quarter. Lazard Asset Management LLC increased its holdings in MakeMyTrip by 38.8% in the fourth quarter. Lazard Asset Management LLC now owns 331,320 shares of the technology company’s stock worth $37,200,000 after buying an additional 92,561 shares during the last quarter. Gen Wealth Partners Inc raised its holdings in MakeMyTrip by 29.5% during the fourth quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company’s stock valued at $81,000 after buying an additional 165 shares in the last quarter. Finally, FACT Capital LP bought a new stake in shares of MakeMyTrip during the 4th quarter worth $3,389,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

MakeMyTrip Price Performance

NASDAQ MMYT opened at $105.09 on Thursday. MakeMyTrip Limited has a 52-week low of $72.55 and a 52-week high of $123.00. 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 business has a 50 day simple moving average of $100.56 and a 200 day simple moving average of $105.32. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 57.11, a PEG ratio of 6.56 and a beta of 0.92.

MakeMyTrip (NASDAQ:MMYT) last released its earnings results on Wednesday, May 14th. The technology company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.08). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. Analysts anticipate that MakeMyTrip Limited will post 1.27 earnings per share 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.