Banque Cantonale Vaudoise Has $970,000 Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Banque Cantonale Vaudoise cut its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 35.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,432 shares of the technology company’s stock after selling 5,703 shares during the quarter. Banque Cantonale Vaudoise’s holdings in MakeMyTrip were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Harbour Capital Advisors LLC increased its stake in shares of MakeMyTrip by 0.9% in the third quarter. Harbour Capital Advisors LLC now owns 20,280 shares of the technology company’s stock worth $2,008,000 after acquiring an additional 175 shares during the last quarter. Thornburg Investment Management Inc. increased its stake in shares of MakeMyTrip by 0.8% in the second quarter. Thornburg Investment Management Inc. now owns 24,580 shares of the technology company’s stock worth $2,100,000 after acquiring an additional 204 shares during the last quarter. Caprock Group LLC increased its stake in shares of MakeMyTrip by 6.4% in the third quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock worth $346,000 after acquiring an additional 224 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in MakeMyTrip by 44.1% during the second quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company’s stock worth $65,000 after buying an additional 236 shares during the last quarter. Finally, Park Place Capital Corp acquired a new position in MakeMyTrip during the third quarter worth $25,000. 51.89% of the stock is owned by institutional investors and hedge funds.

MakeMyTrip Stock Up 4.1 %

MMYT stock opened at $107.27 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. MakeMyTrip Limited has a 52-week low of $41.56 and a 52-week high of $113.61. The company has a 50-day moving average of $101.81 and a two-hundred day moving average of $91.85. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 56.28, a price-to-earnings-growth ratio of 5.48 and a beta of 1.27.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $214.90 million. During the same period in the prior year, the company earned $0.18 earnings per share. As a group, equities research analysts anticipate that MakeMyTrip Limited will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

MMYT has been the topic of several analyst reports. Citigroup increased their target price on shares of MakeMyTrip from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Bank of America increased their target price 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.

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.