CoreCap Advisors LLC Reduces Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

CoreCap Advisors LLC lessened its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,671 shares of the technology company’s stock after selling 467 shares during the quarter. CoreCap Advisors LLC’s holdings in MakeMyTrip were worth $749,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of MakeMyTrip in the fourth quarter valued at $97,833,000. GQG Partners LLC purchased a new position in MakeMyTrip in the 4th quarter valued at about $60,465,000. Martin Currie Ltd. acquired a new stake in shares of MakeMyTrip during the fourth quarter valued at about $45,966,000. Bank of New York Mellon Corp increased its position in shares of MakeMyTrip by 939.1% during the fourth quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company’s stock worth $36,959,000 after acquiring an additional 297,493 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new position in shares of MakeMyTrip in the fourth quarter worth about $28,241,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

MakeMyTrip Price Performance

MMYT opened at $97.92 on Friday. The company has a market capitalization of $10.75 billion, a P/E ratio of 53.22, a PEG ratio of 6.56 and a beta of 0.92. The company has a 50-day moving average of $99.57 and a 200-day moving average of $105.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. MakeMyTrip Limited has a 1-year low of $72.55 and a 1-year high of $123.00.

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.