FACT Capital LP Invests $3.39 Million in MakeMyTrip Limited (NASDAQ:MMYT)

FACT Capital LP bought a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,181 shares of the technology company's stock, valued at approximately $3,389,000. MakeMyTrip comprises approximately 1.5% of FACT Capital LP's portfolio, making the stock its 20th largest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MMYT. Steward Partners Investment Advisory LLC increased its stake in MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after purchasing an additional 111 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in MakeMyTrip by 3.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 4,419 shares of the technology company's stock valued at $496,000 after purchasing an additional 142 shares in the last quarter. USA Financial Formulas acquired a new position in MakeMyTrip during the 4th quarter valued at approximately $35,000. Robeco Institutional Asset Management B.V. increased its stake in MakeMyTrip by 1.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company's stock valued at $3,887,000 after purchasing an additional 400 shares in the last quarter. Finally, Csenge Advisory Group increased its stake in MakeMyTrip by 11.3% during the 4th quarter. Csenge Advisory Group now owns 4,159 shares of the technology company's stock valued at $467,000 after purchasing an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Price Performance

MMYT traded up $0.79 during midday trading on Friday, hitting $97.92. 1,312,472 shares of the company traded hands, compared to its average volume of 724,876. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 53.22, a PEG ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a 52-week low of $72.55 and a 52-week high of $123.00. The business has a 50 day simple moving average of $99.57 and a two-hundred day simple moving average of $105.30.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th.

MakeMyTrip Company 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.