Wasatch Advisors INC Has Trimmed Makemytrip LTD (MMYT) Stake by $15.91 Million as Stock Rose

December 11, 2017 - By Marie Mckinney

Wasatch Advisors Inc decreased its stake in Makemytrip Ltd. (MMYT) by 9.79% based on its latest 2017Q2 regulatory filing with the SEC. Wasatch Advisors Inc sold 482,119 shares as the company’s stock rose 2.51% with the market. The institutional investor held 4.44 million shares of the transportation services company at the end of 2017Q2, valued at $149.07 million, down from 4.93M at the end of the previous reported quarter. Wasatch Advisors Inc who had been investing in Makemytrip Ltd. for a number of months, seems to be less bullish one the $2.91B market cap company. It closed at $28.85 lastly. It is down 111.67% since December 11, 2016 and is uptrending. It has outperformed by 94.97% the S&P500.

Wasatch Advisors Inc, which manages about $19.28B and $7.17 billion US Long portfolio, upped its stake in Aaon Inc. (NASDAQ:AAON) by 119,468 shares to 1.03M shares, valued at $37.80M in 2017Q2, according to the filing. It also increased its holding in Cavium Networks Inc. (NASDAQ:CAVM) by 98,066 shares in the quarter, for a total of 2.58M shares, and has risen its stake in Globant Sa (NYSE:GLOB).

Analysts await MakeMyTrip Limited (NASDAQ:MMYT) to report earnings on January, 30. They expect $-0.36 earnings per share, down 140.00 % or $0.21 from last year’s $-0.15 per share. After $-0.55 actual earnings per share reported by MakeMyTrip Limited for the previous quarter, Wall Street now forecasts -34.55 % EPS growth.

More recent MakeMyTrip Limited (NASDAQ:MMYT) news were published by: Globenewswire.com which released: “MakeMyTrip Limited to Report Fiscal 2018 First Quarter Financial & Operating …” on July 28, 2017. Also Globenewswire.com published the news titled: “MakeMyTrip Limited to Report Fiscal 2018 Second Quarter Financial & Operating …” on September 13, 2017. Seekingalpha.com‘s news article titled: “MakeMyTrip Still Has The Edge Over Yatra” with publication date: November 17, 2017 was also an interesting one.

MakeMyTrip Limited (NASDAQ:MMYT) Ratings Coverage

Among 4 analysts covering MakeMyTrip (NASDAQ:MMYT), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. MakeMyTrip has $36 highest and $16 lowest target. $26.67’s average target is -7.56% below currents $28.85 stock price. MakeMyTrip had 11 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was upgraded by Nomura on Friday, June 3 to “Neutral”. The rating was downgraded by Nomura on Tuesday, February 23 to “Reduce”. The firm has “Hold” rating given on Friday, October 30 by Deutsche Bank. On Thursday, November 2 the stock rating was maintained by Jefferies with “Hold”. Jefferies downgraded the stock to “Hold” rating in Thursday, August 10 report. As per Friday, October 13, the company rating was maintained by Jefferies.

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