Envestnet Asset Management Inc. Purchases 6,188 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Envestnet Asset Management Inc. raised its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 43.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,314 shares of the technology company's stock after purchasing an additional 6,188 shares during the period. Envestnet Asset Management Inc.'s holdings in MakeMyTrip were worth $2,281,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MMYT. Geode Capital Management LLC boosted its holdings in MakeMyTrip by 7.7% in the third quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company's stock worth $25,397,000 after acquiring an additional 19,471 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of MakeMyTrip by 338.3% during the third quarter. Virtu Financial LLC now owns 11,593 shares of the technology company's stock valued at $1,078,000 after buying an additional 8,948 shares during the last quarter. Tidal Investments LLC raised its holdings in MakeMyTrip by 5.9% in the 3rd quarter. Tidal Investments LLC now owns 39,981 shares of the technology company's stock worth $3,716,000 after acquiring an additional 2,221 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in MakeMyTrip during the 3rd quarter valued at $1,134,000. Finally, Redhawk Wealth Advisors Inc. bought a new stake in shares of MakeMyTrip in the 4th quarter worth $1,143,000. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Stock Performance

Shares of NASDAQ MMYT traded up $2.70 during midday trading on Thursday, hitting $107.52. 120,154 shares of the stock traded hands, compared to its average volume of 712,556. MakeMyTrip Limited has a one year low of $65.54 and a one year high of $123.00. The firm has a 50-day moving average of $97.79 and a two-hundred day moving average of $105.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a market capitalization of $11.80 billion, a P/E ratio of 58.30, a PEG ratio of 6.56 and a beta of 1.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th.

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.