Wasatch Advisors INC Decreased Its Makemytrip LTD (MMYT) Position by $15.91 Million

November 14, 2017 - By Vivian Currie

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 4.44M 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 $2.37B market cap company. The stock decreased 0.19% or $0.05 on November 14, reaching $25.85. About 336,181 shares traded. MakeMyTrip Limited (NASDAQ:MMYT) has risen 111.67% since November 14, 2016 and is uptrending. It has outperformed by 94.97% the S&P500.

Wasatch Advisors Inc, which manages about $19.28B and $7.17B US Long portfolio, upped its stake in Callidus Software Inc. (NASDAQ:CALD) by 144,840 shares to 3.24 million shares, valued at $78.48M in 2017Q2, according to the filing. It also increased its holding in Pool Corp. (NASDAQ:POOL) by 30,643 shares in the quarter, for a total of 334,056 shares, and has risen its stake in Hff Inc. (NYSE:HF).

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.

Another recent and important MakeMyTrip Limited (NASDAQ:MMYT) news was published by Seekingalpha.com which published an article titled: “MakeMyTrip’s (MMYT) CEO Deep Kalra on Fiscal Q2 2018 Results – Earnings Call …” on November 01, 2017.

MakeMyTrip Limited (NASDAQ:MMYT) Ratings Coverage

Among 4 analysts covering MakeMyTrip (NASDAQ:MMYT), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. MakeMyTrip had 10 analyst reports since August 12, 2015 according to SRatingsIntel. The company was downgraded on Thursday, August 10 by Jefferies. The firm has “Reduce” rating given on Tuesday, February 23 by Nomura. The firm has “Hold” rating given on Thursday, November 2 by Jefferies. Jefferies maintained MakeMyTrip Limited (NASDAQ:MMYT) rating on Friday, October 13. Jefferies has “Hold” rating and $31.5 target. The stock has “Hold” rating by Deutsche Bank on Friday, October 30. The company was upgraded on Friday, June 3 by Nomura.

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