Sei Investments Co. Has $51.05 Million Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

Sei Investments Co. cut its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 454,653 shares of the technology company’s stock after selling 56,311 shares during the period. Sei Investments Co. owned 0.41% of MakeMyTrip worth $51,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Natixis Advisors LLC bought a new position in MakeMyTrip in the third quarter valued at approximately $1,219,000. Caprock Group LLC grew its stake in shares of MakeMyTrip by 6.4% during the third quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock worth $346,000 after purchasing an additional 224 shares during the period. Advisors Asset Management Inc. lifted its stake in MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after buying an additional 225 shares during the period. Citigroup Inc. boosted its holdings in MakeMyTrip by 154.3% during the third quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock worth $5,588,000 after buying an additional 36,476 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of MakeMyTrip by 20.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock worth $58,750,000 after buying an additional 107,814 shares during the period. Institutional investors own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MMYT. Bank of America increased their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, December 27th. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

MakeMyTrip Stock Up 1.2 %

MakeMyTrip stock opened at $101.06 on Monday. The company has a 50 day moving average of $101.78 and a 200-day moving average of $104.93. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a twelve month low of $60.55 and a twelve month high of $123.00. The stock has a market capitalization of $11.09 billion, a PE ratio of 54.92, a price-to-earnings-growth ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last announced its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. On average, equities research analysts anticipate that MakeMyTrip Limited will post 1.27 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.