AXA S.A. bought a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,200 shares of the technology company's stock, valued at approximately $2,829,000.
Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its position in MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after acquiring an additional 111 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of MakeMyTrip by 3.3% in 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 during the last quarter. USA Financial Formulas acquired a new stake in shares of MakeMyTrip in the 4th quarter valued at about $35,000. Robeco Institutional Asset Management B.V. grew 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 worth $3,887,000 after buying an additional 400 shares during the last quarter. Finally, Csenge Advisory Group lifted its stake in MakeMyTrip by 11.3% in the fourth quarter. Csenge Advisory Group now owns 4,159 shares of the technology company's stock valued at $467,000 after buying an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th.
View Our Latest Stock Report on MakeMyTrip
MakeMyTrip Stock Performance
MMYT traded up $0.79 during trading on Friday, reaching $97.92. The company's stock had a trading volume of 1,312,472 shares, compared to its average volume of 724,395. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 53.22, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92. The company's fifty day moving average price is $99.57 and its 200-day moving average price is $105.25. MakeMyTrip Limited has a 52-week low of $72.55 and a 52-week high of $123.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88.
MakeMyTrip Company 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.
Further Reading
Before you consider MakeMyTrip, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MakeMyTrip wasn't on the list.
While MakeMyTrip currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
