MakeMyTrip Limited (NASDAQ:MMYT) is Aubrey Capital Management Ltd’s Largest Position

Aubrey Capital Management Ltd trimmed its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 10.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,820 shares of the technology company’s stock after selling 27,700 shares during the period. MakeMyTrip accounts for about 10.0% of Aubrey Capital Management Ltd’s holdings, making the stock its largest holding. Aubrey Capital Management Ltd’s holdings in MakeMyTrip were worth $26,366,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Rheos Capital Works Inc. lifted its holdings in shares of MakeMyTrip by 237.5% in the 4th quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company’s stock valued at $15,158,000 after purchasing an additional 95,000 shares during the last quarter. Natixis Advisors LLC acquired a new position in MakeMyTrip in the 3rd quarter valued at about $1,219,000. Citigroup Inc. increased its position in MakeMyTrip by 154.3% in 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. acquired a new position in MakeMyTrip in the 3rd quarter valued at about $1,134,000. Finally, GSA Capital Partners LLP acquired a new position in MakeMyTrip in the 3rd quarter valued at about $674,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on MMYT. Bank of America boosted their price target on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, December 27th. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

MakeMyTrip Stock Performance

NASDAQ MMYT opened at $113.59 on Monday. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 61.73, a PEG ratio of 7.53 and a beta of 1.28. 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 business’s 50 day moving average is $112.53 and its two-hundred day moving average is $104.10. MakeMyTrip Limited has a 12-month low of $55.50 and a 12-month high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Research analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current 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.