DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $5.09 Million Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 69.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,344 shares of the technology company's stock after selling 103,920 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in MakeMyTrip were worth $5,091,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MMYT. Rheos Capital Works Inc. lifted its holdings in MakeMyTrip by 237.5% during the 4th quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company's stock worth $15,158,000 after purchasing an additional 95,000 shares during the last quarter. New York State Common Retirement Fund raised its holdings in MakeMyTrip by 100.2% in the 4th quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company's stock valued at $11,372,000 after acquiring an additional 50,689 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in MakeMyTrip by 9.2% in the 4th quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company's stock valued at $5,044,000 after acquiring an additional 3,800 shares in the last quarter. Norges Bank bought a new position in shares of MakeMyTrip in the 4th quarter valued at $97,833,000. Finally, Prudential PLC increased its stake in shares of MakeMyTrip by 70.8% in the 4th quarter. Prudential PLC now owns 10,787 shares of the technology company's stock valued at $1,211,000 after purchasing an additional 4,470 shares during the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com lowered MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. Citigroup boosted their price objective on MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday.

MakeMyTrip Price Performance

MMYT stock traded up $2.19 during midday trading on Thursday, reaching $107.28. 316,242 shares of the stock were exchanged, compared to its average volume of 725,909. The stock has a market capitalization of $11.78 billion, a PE ratio of 58.32, a P/E/G 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 company has a fifty day moving average price of $100.56 and a 200 day moving average price of $105.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88.

About MakeMyTrip

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.