As Makemytrip Limited Mauritius (MMYT) Share Price Rose, Holder Qvt Financial LP Has Lowered Its Stake

March 14, 2018 - By Marguerite Chambers

Daniel Gold decreased its stake in Makemytrip Limited Mauritius (MMYT) by 8.78% based on its latest 2017Q3 regulatory filing with the SEC. Qvt Financial Lp sold 198,836 shares as the company’s stock rose 2.51% with the market. The hedge fund run by Daniel Gold held 2.07 million shares of the transportation services company at the end of 2017Q3, valued at $57.49 million, down from 2.26M at the end of the previous reported quarter. Qvt Financial Lp who had been investing in Makemytrip Limited Mauritius for a number of months, seems to be less bullish one the $3.67 billion market cap company. The stock increased 1.11% or $0.4 during the last trading session, reaching $36.35. About 353,983 shares traded or 5.36% up from the average. MakeMyTrip Limited (NASDAQ:MMYT) has risen 111.67% since March 14, 2017 and is uptrending. It has outperformed by 94.97% the S&P500.

Qvt Financial Lp, which manages about $8.91B and $2.68B US Long portfolio, upped its stake in Euronav Nv Antwerpen by 461,091 shares to 2.21 million shares, valued at $17.93M in 2017Q3, according to the filing.

Analysts await MakeMyTrip Limited (NASDAQ:MMYT) to report earnings on May, 18. They expect $-0.57 EPS, down 35.71 % or $0.15 from last year’s $-0.42 per share. After $-0.41 actual EPS reported by MakeMyTrip Limited for the previous quarter, Wall Street now forecasts 39.02 % negative EPS growth.

Another recent and important MakeMyTrip Limited (NASDAQ:MMYT) news was published by which published an article titled: “Yatra Vs. MakeMyTrip: Trading Or Investing?” on February 13, 2018.

MakeMyTrip Limited (NASDAQ:MMYT) Ratings Coverage

Among 5 analysts covering MakeMyTrip (NASDAQ:MMYT), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. MakeMyTrip had 13 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Friday, October 13. Jefferies maintained the shares of MMYT in report on Thursday, November 2 with “Hold” rating. The stock has “Hold” rating by Jefferies on Friday, February 9. The stock of MakeMyTrip Limited (NASDAQ:MMYT) earned “Neutral” rating by Nomura on Friday, June 3. Deutsche Bank downgraded the stock to “Hold” rating in Friday, October 30 report. The rating was downgraded by Nomura on Tuesday, February 23 to “Reduce”. The firm has “Hold” rating given on Thursday, August 10 by Jefferies. J.P. Morgan upgraded the stock to “Buy” rating in Tuesday, February 27 report.

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