Stone House Investment Management LLC Lowers Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Stone House Investment Management LLC lowered its position in MakeMyTrip Limited (NASDAQ:MMYT) by 40.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 300 shares of the technology company’s stock after selling 200 shares during the quarter. Stone House Investment Management LLC’s holdings in MakeMyTrip were worth $28,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MMYT. Tidal Investments LLC purchased a new stake in MakeMyTrip in the 1st quarter worth $3,891,000. GSA Capital Partners LLP purchased a new stake in shares of MakeMyTrip in the third quarter worth about $674,000. Vanguard Group Inc. bought a new position in MakeMyTrip during the first quarter valued at approximately $2,317,000. 1832 Asset Management L.P. purchased a new position in MakeMyTrip during the 2nd quarter valued at approximately $879,000. Finally, Natixis Advisors LLC bought a new stake in MakeMyTrip in the 3rd quarter worth approximately $1,219,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Trading Up 4.0 %

MMYT stock traded up $4.35 during mid-day trading on Wednesday, reaching $114.25. 506,037 shares of the stock traded hands, compared to its average volume of 551,205. The business has a 50-day moving average price of $102.58 and a two-hundred day moving average price of $93.13. The stock has a market capitalization of $12.54 billion, a PE ratio of 62.43, a PEG ratio of 6.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. MakeMyTrip Limited has a one year low of $41.56 and a one year high of $114.69.

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

Analyst Ratings Changes

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

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.