MakeMyTrip Limited (NASDAQ:MMYT) is Aubrey Capital Management Ltd’s 2nd Largest Position

Aubrey Capital Management Ltd trimmed its position in MakeMyTrip Limited (NASDAQ:MMYT) by 13.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,520 shares of the technology company’s stock after selling 39,180 shares during the quarter. MakeMyTrip accounts for approximately 9.4% of Aubrey Capital Management Ltd’s portfolio, making the stock its 2nd largest holding. Aubrey Capital Management Ltd owned about 0.24% of MakeMyTrip worth $24,401,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Park Place Capital Corp purchased a new stake in shares of MakeMyTrip in the third quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its holdings in MakeMyTrip by 163.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock worth $35,000 after buying an additional 332 shares in the last quarter. Fifth Third Bancorp purchased a new position in MakeMyTrip in the 2nd quarter valued at about $59,000. nVerses Capital LLC acquired a new stake in shares of MakeMyTrip during the second quarter valued at about $143,000. Finally, LRI Investments LLC purchased a new stake in shares of MakeMyTrip during the first quarter worth about $149,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Trading Up 0.1 %

Shares of NASDAQ MMYT opened at $104.35 on Thursday. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $101.05 and its two-hundred day moving average price is $90.70. MakeMyTrip Limited has a 52-week low of $41.51 and a 52-week high of $113.61. The stock has a market capitalization of $11.46 billion, a P/E ratio of 57.02, a PEG ratio of 5.86 and a beta of 1.27.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. The business had revenue of $210.99 million for the quarter, compared to analyst estimates of $214.90 million. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. During the same period in the prior year, the company posted $0.18 EPS. On average, analysts anticipate that MakeMyTrip Limited will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Tuesday. 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. Finally, Citigroup upped their price target on shares of MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 24th.

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.