MakeMyTrip Limited (NASDAQ:MMYT) Position Trimmed by Stifel Financial Corp

Stifel Financial Corp decreased its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 19.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,652 shares of the technology company’s stock after selling 858 shares during the quarter. Stifel Financial Corp’s holdings in MakeMyTrip were worth $339,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC raised its position in shares of MakeMyTrip by 282.4% during the third quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock worth $215,325,000 after purchasing an additional 1,710,773 shares during the period. FMR LLC increased its stake in MakeMyTrip by 51.2% in the 3rd quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock worth $337,917,000 after purchasing an additional 1,230,916 shares in the last quarter. Marshall Wace LLP raised its holdings in MakeMyTrip by 129.2% during the 2nd quarter. Marshall Wace LLP now owns 956,172 shares of the technology company’s stock worth $80,414,000 after buying an additional 539,067 shares during the period. Wasatch Advisors LP purchased a new stake in MakeMyTrip during the third quarter valued at about $44,521,000. Finally, William Blair Investment Management LLC boosted its holdings in shares of MakeMyTrip by 54.5% in the second quarter. William Blair Investment Management LLC now owns 1,099,062 shares of the technology company’s stock worth $92,431,000 after buying an additional 387,695 shares during the period. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Price Performance

NASDAQ MMYT opened at $114.53 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 62.58, a price-to-earnings-growth ratio of 6.59 and a beta of 1.27. The company has a 50 day simple moving average of $109.60 and a 200-day simple moving average of $98.85. MakeMyTrip Limited has a 52-week low of $43.31 and a 52-week high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. The company had revenue of $210.99 million during the quarter, compared to the consensus estimate of $214.90 million. During the same quarter in the prior year, the firm earned $0.18 EPS. Equities research analysts predict that MakeMyTrip Limited will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Bank of America increased their target price on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday.

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.