Sei Investments Co. Sells 56,311 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Sei Investments Co. lessened its position in MakeMyTrip Limited (NASDAQ:MMYT) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 454,653 shares of the technology company’s stock after selling 56,311 shares during the period. Sei Investments Co.’s holdings in MakeMyTrip were worth $51,049,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its holdings in shares of MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after acquiring an additional 111 shares during the period. Caprock Group LLC increased its holdings in MakeMyTrip by 6.4% in the 3rd quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock valued at $346,000 after buying an additional 224 shares during the period. Advisors Asset Management Inc. increased its stake in shares of 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 purchasing an additional 225 shares during the last quarter. USA Financial Formulas acquired a new position in MakeMyTrip during the fourth quarter worth about $35,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in MakeMyTrip by 1.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock valued at $3,887,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

Shares of MMYT stock opened at $101.06 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. MakeMyTrip Limited has a one year low of $60.55 and a one year high of $123.00. The business’s 50 day simple moving average is $101.78 and its 200 day simple moving average is $104.93. The stock has a market capitalization of $11.09 billion, a PE ratio of 54.92, a PEG ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share 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, research analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

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

About MakeMyTrip

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.