Boston Common Asset Management LLC Sells 3,905 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Boston Common Asset Management LLC lessened its position in MakeMyTrip Limited (NASDAQ:MMYT) by 16.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,106 shares of the technology company’s stock after selling 3,905 shares during the period. Boston Common Asset Management LLC’s holdings in MakeMyTrip were worth $2,258,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Park Place Capital Corp bought a new stake in shares of MakeMyTrip during the 3rd quarter valued at about $25,000. USA Financial Formulas bought a new stake in shares of MakeMyTrip during the 4th quarter valued at about $35,000. Advisors Asset Management Inc. boosted its stake in shares of MakeMyTrip by 100.9% during 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 in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of MakeMyTrip by 44.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company’s stock valued at $65,000 after purchasing an additional 236 shares in the last quarter. Finally, D Orazio & Associates Inc. bought a new stake in shares of MakeMyTrip during the 3rd quarter valued at about $210,000. Institutional investors own 51.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MMYT shares. Bank of America lifted their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, December 27th. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th.

MakeMyTrip Trading Up 1.4 %

Shares of NASDAQ MMYT opened at $106.80 on Friday. The firm’s 50 day moving average price is $111.68 and its 200-day moving average price is $101.73. The company has a market cap of $11.72 billion, a PE ratio of 58.36, a P/E/G ratio of 5.71 and a beta of 1.29. MakeMyTrip Limited has a 52-week low of $47.04 and a 52-week high of $123.00. 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 (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10. The company 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 quarter in the prior year, the firm earned $0.18 earnings per share. On average, equities research analysts expect that MakeMyTrip Limited will post 1.29 EPS for the current fiscal year.

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.