MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 38.6% in the third quarter, Holdings Channel reports. The fund owned 1,467 shares of the technology company’s stock after selling 921 shares during the quarter. Daiwa Securities Group Inc.’s holdings in MakeMyTrip were worth $136,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MMYT. Park Place Capital Corp acquired a new stake in MakeMyTrip during the 3rd quarter valued at $25,000. Advisors Asset Management Inc. boosted its position in MakeMyTrip by 100.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after buying an additional 225 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of MakeMyTrip by 163.5% during the first quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock valued at $35,000 after acquiring an additional 332 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of MakeMyTrip during the second quarter worth about $59,000. Finally, nVerses Capital LLC acquired a new position in shares of MakeMyTrip in the second quarter worth about $143,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MMYT shares. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Bank of America raised their price target on shares of MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th.

MakeMyTrip Price Performance

Shares of MMYT opened at $114.74 on Monday. The company has a current ratio of 2.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.19. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 62.70, a PEG ratio of 6.45 and a beta of 1.27. MakeMyTrip Limited has a 52 week low of $41.56 and a 52 week high of $116.00. The stock has a 50 day moving average of $103.02 and a 200-day moving average of $93.87.

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