US Bancorp DE Sells 5,534 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

US Bancorp DE decreased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 47.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,118 shares of the technology company’s stock after selling 5,534 shares during the period. US Bancorp DE’s holdings in MakeMyTrip were worth $687,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cable Hill Partners LLC bought a new position in MakeMyTrip in the fourth quarter worth about $225,000. Bank of New York Mellon Corp grew its position in shares of MakeMyTrip by 939.1% in the 4th quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company’s stock worth $36,959,000 after buying an additional 297,493 shares during the last quarter. IFP Advisors Inc raised its stake in shares of MakeMyTrip by 5.5% during the 4th quarter. IFP Advisors Inc now owns 9,833 shares of the technology company’s stock worth $1,104,000 after acquiring an additional 509 shares in the last quarter. Navellier & Associates Inc. lifted its position in MakeMyTrip by 32.7% during the fourth quarter. Navellier & Associates Inc. now owns 45,840 shares of the technology company’s stock valued at $5,147,000 after acquiring an additional 11,305 shares during the last quarter. Finally, O Neil Global Advisors Inc. acquired a new stake in MakeMyTrip in the fourth quarter valued at approximately $1,399,000. Institutional investors own 51.89% of the company’s stock.

Analyst Ratings Changes

MMYT has been the subject of several analyst reports. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Bank of America upped their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th.

MakeMyTrip Stock Performance

Shares of MMYT stock opened at $84.95 on Tuesday. MakeMyTrip Limited has a 52-week low of $59.51 and a 52-week high of $123.00. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The stock has a market cap of $9.33 billion, a PE ratio of 46.17, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36. The business has a 50-day simple moving average of $104.94 and a 200-day simple moving average of $104.94.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. On average, equities analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current year.

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.