MakeMyTrip Limited (NASDAQ:MMYT) is Keystone Investors PTE Ltd.’s 5th Largest Position

Keystone Investors PTE Ltd. trimmed its position in MakeMyTrip Limited (NASDAQ:MMYT) by 10.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 860,996 shares of the technology company’s stock after selling 103,655 shares during the period. MakeMyTrip comprises 6.8% of Keystone Investors PTE Ltd.’s investment portfolio, making the stock its 5th biggest position. Keystone Investors PTE Ltd.’s holdings in MakeMyTrip were worth $96,673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new stake in MakeMyTrip during the fourth quarter worth about $35,000. Advisors Asset Management Inc. grew its position in shares of MakeMyTrip by 100.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after acquiring an additional 225 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after purchasing an additional 111 shares during the last quarter. Signaturefd LLC bought a new stake in shares of MakeMyTrip in the 4th quarter worth approximately $74,000. Finally, R Squared Ltd bought a new position in MakeMyTrip during the fourth quarter valued at $99,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Trading Up 5.9 %

NASDAQ:MMYT opened at $107.02 on Tuesday. MakeMyTrip Limited has a 1 year low of $60.55 and a 1 year high of $123.00. The stock’s fifty day moving average price is $101.92 and its two-hundred day moving average price is $105.02. 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 cap of $11.75 billion, a P/E ratio of 58.16, a P/E/G ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last issued its 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%. As a group, analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current year.

Analysts Set New Price Targets

MMYT has been the topic of a number of recent research reports. Bank of America upped 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 lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

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.