Oppenheimer & Co. Inc. Sells 2,215 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Oppenheimer & Co. Inc. cut its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 38.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,597 shares of the technology company’s stock after selling 2,215 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in MakeMyTrip were worth $404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rheos Capital Works Inc. grew its stake in 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 buying an additional 95,000 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of MakeMyTrip during the 3rd quarter worth approximately $1,219,000. Citigroup Inc. grew its position in shares of MakeMyTrip by 154.3% during the 3rd quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock worth $5,588,000 after purchasing an additional 36,476 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of MakeMyTrip during the 3rd quarter worth approximately $1,134,000. Finally, GSA Capital Partners LLP bought a new stake in shares of MakeMyTrip during the 3rd quarter worth approximately $674,000. 51.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America upped their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th.

MakeMyTrip Trading Up 0.1 %

NASDAQ:MMYT opened at $87.11 on Friday. 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 firm has a 50-day moving average of $105.52 and a 200-day moving average of $104.91. The company has a market cap of $9.56 billion, a PE ratio of 47.34, a PEG ratio of 6.56 and a beta of 1.36. MakeMyTrip Limited has a one year low of $59.51 and a one year high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last posted 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, equities research analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current fiscal 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.