MakeMyTrip Limited $MMYT Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in MakeMyTrip Limited (NASDAQ:MMYT) by 34.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,396 shares of the technology company’s stock after selling 83,211 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.14% of MakeMyTrip worth $14,919,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MMYT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of MakeMyTrip by 11.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,755 shares of the technology company’s stock worth $1,642,000 after purchasing an additional 1,721 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in MakeMyTrip in the second quarter valued at $50,000. Signaturefd LLC lifted its holdings in MakeMyTrip by 23.3% during the 2nd quarter. Signaturefd LLC now owns 1,147 shares of the technology company’s stock worth $112,000 after buying an additional 217 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new position in shares of MakeMyTrip during the 2nd quarter worth about $661,000. Finally, Matthews International Capital Management LLC increased its holdings in shares of MakeMyTrip by 35.2% in the 2nd quarter. Matthews International Capital Management LLC now owns 183,815 shares of the technology company’s stock valued at $18,018,000 after acquiring an additional 47,835 shares during the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Price Performance

MMYT stock opened at $62.38 on Friday. The business has a 50 day simple moving average of $76.19 and a 200-day simple moving average of $86.76. The company has a market capitalization of $6.94 billion, a P/E ratio of 129.96, a PEG ratio of 2.13 and a beta of 0.66. MakeMyTrip Limited has a twelve month low of $60.22 and a twelve month high of $120.72. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 38.85.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Wednesday, January 21st. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.43 by $0.09. MakeMyTrip had a net margin of 5.46% and a return on equity of 48.06%. The firm had revenue of $295.70 million during the quarter, compared to the consensus estimate of $306.29 million. As a group, equities analysts anticipate that MakeMyTrip Limited will post 1.27 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on MMYT. Bank of America decreased their target price on MakeMyTrip from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Morgan Stanley restated an “overweight” rating on shares of MakeMyTrip in a research report on Wednesday, December 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MakeMyTrip in a research report on Tuesday. Finally, Citigroup cut their price target on shares of MakeMyTrip from $108.00 to $96.00 and set a “buy” rating on the stock in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.33.

MakeMyTrip Company Profile

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.