Ameriprise Financial Inc. Sells 82,468 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Ameriprise Financial Inc. cut its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 22.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 289,361 shares of the technology company’s stock after selling 82,468 shares during the quarter. Ameriprise Financial Inc. owned about 0.26% of MakeMyTrip worth $32,489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. USA Financial Formulas purchased a new stake in MakeMyTrip during the 4th quarter valued at about $35,000. Steward Partners Investment Advisory LLC grew its holdings in shares of MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after buying an additional 111 shares during the last quarter. Signaturefd LLC purchased a new stake in shares of MakeMyTrip during the fourth quarter valued at approximately $74,000. R Squared Ltd bought a new stake in shares of MakeMyTrip during the fourth quarter valued at approximately $99,000. Finally, BOCHK Asset Management Ltd raised its holdings in MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock worth $124,000 after acquiring an additional 800 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $106.59 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 57.93, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92. The business has a 50-day simple moving average of $100.21 and a two-hundred day simple moving average of $105.32. MakeMyTrip Limited has a fifty-two week low of $72.55 and a fifty-two week high of $123.00.

Wall Street Analysts Forecast Growth

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

MakeMyTrip 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.