Rakuten Securities Inc. Decreases Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

Rakuten Securities Inc. cut its position in MakeMyTrip Limited (NASDAQ:MMYT) by 77.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 907 shares of the technology company’s stock after selling 3,175 shares during the quarter. Rakuten Securities Inc.’s holdings in MakeMyTrip were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MMYT. GSA Capital Partners LLP purchased a new position in shares of MakeMyTrip in the third quarter valued at $674,000. D Orazio & Associates Inc. purchased a new position in shares of MakeMyTrip in the third quarter valued at $210,000. Natixis Advisors LLC purchased a new position in shares of MakeMyTrip in the third quarter valued at $1,219,000. Caprock Group LLC boosted its stake in shares of MakeMyTrip by 6.4% in the third quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock valued at $346,000 after purchasing an additional 224 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of MakeMyTrip by 282.4% in the third quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock valued at $215,325,000 after purchasing an additional 1,710,773 shares during the period. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

MakeMyTrip Trading Up 3.7 %

NASDAQ MMYT opened at $93.01 on Thursday. MakeMyTrip Limited has a 12 month low of $60.55 and a 12 month high of $123.00. 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 company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 50.55, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. The company’s fifty day moving average price is $104.11 and its two-hundred day moving average price is $104.78.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data 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 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.