Susquehanna Fundamental Investments LLC acquired a new position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,800 shares of the technology company's stock, valued at approximately $764,000.
Several other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in MakeMyTrip during the fourth quarter worth approximately $97,833,000. GQG Partners LLC purchased a new position in shares of MakeMyTrip during the 4th quarter valued at approximately $60,465,000. Martin Currie Ltd. acquired a new stake in MakeMyTrip in the 4th quarter valued at $45,966,000. Bank of New York Mellon Corp increased its holdings in MakeMyTrip by 939.1% in the 4th quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company's stock worth $36,959,000 after acquiring an additional 297,493 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new stake in shares of MakeMyTrip during the fourth quarter worth about $28,241,000. 51.89% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th.
Get Our Latest Stock Report on MakeMyTrip
MakeMyTrip Price Performance
MMYT traded down $1.29 during trading on Wednesday, reaching $111.21. The company's stock had a trading volume of 591,642 shares, compared to its average volume of 714,676. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $99.12 and a two-hundred day simple moving average of $105.29. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 60.49, a PEG ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a 1 year low of $69.81 and a 1 year high of $123.00.
MakeMyTrip Profile
(
Free Report)
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.
See Also
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