PEAK6 Investments LLC Sells 2,463 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

PEAK6 Investments LLC decreased its position in MakeMyTrip Limited (NASDAQ:MMYT) by 9.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 24,064 shares of the technology company’s stock after selling 2,463 shares during the quarter. PEAK6 Investments LLC’s holdings in MakeMyTrip were worth $2,237,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in MakeMyTrip during the 1st quarter worth about $2,317,000. DekaBank Deutsche Girozentrale bought a new stake in MakeMyTrip during the first quarter worth about $283,000. EverSource Wealth Advisors LLC boosted its position in 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 purchasing an additional 332 shares during the last quarter. Capital CS Group LLC bought a new position in MakeMyTrip in the second quarter valued at approximately $656,000. Finally, Bank Pictet & Cie Asia Ltd. acquired a new position in shares of MakeMyTrip during the 2nd quarter worth approximately $773,000. Institutional investors own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MMYT shares. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Bank of America increased their price target on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, October 24th.

MakeMyTrip Stock Performance

Shares of NASDAQ 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 company has a market capitalization of $12.60 billion, a P/E ratio of 62.70, a P/E/G ratio of 6.45 and a beta of 1.27. MakeMyTrip Limited has a 12 month low of $41.56 and a 12 month 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 quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.26 by $0.10. The firm had revenue of $210.99 million for the quarter, compared to the consensus estimate of $214.90 million. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. During the same period in the previous year, the company earned $0.18 earnings per share. As a group, equities research analysts predict that MakeMyTrip Limited will post 1.29 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.