Allspring Global Investments Holdings LLC lifted its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 325.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,218 shares of the technology company's stock after acquiring an additional 17,000 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in MakeMyTrip were worth $2,202,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in MMYT. Public Employees Retirement System of Ohio acquired a new position in shares of MakeMyTrip in the 4th quarter worth approximately $2,183,000. Squarepoint Ops LLC increased its stake in shares of MakeMyTrip by 103.1% in the 4th quarter. Squarepoint Ops LLC now owns 6,105 shares of the technology company's stock valued at $685,000 after buying an additional 3,099 shares during the period. Norges Bank bought a new position in shares of MakeMyTrip in the 4th quarter worth $97,833,000. Prudential PLC boosted its position in shares of MakeMyTrip by 70.8% in the 4th quarter. Prudential PLC now owns 10,787 shares of the technology company's stock worth $1,211,000 after purchasing an additional 4,470 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new position in shares of MakeMyTrip in the 4th quarter worth $3,413,000. Institutional investors own 51.89% of the company's stock.
Analysts Set New Price Targets
MMYT has been the topic of several recent analyst reports. Citigroup lifted their target price on MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Macquarie upgraded MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock in a report on Tuesday, June 24th.
Check Out Our Latest Research Report on MakeMyTrip
MakeMyTrip Price Performance
NASDAQ MMYT traded down $1.09 during midday trading on Tuesday, hitting $94.56. The company had a trading volume of 745,090 shares, compared to its average volume of 828,731. The company has a market capitalization of $10.52 billion, a PE ratio of 113.93 and a beta of 0.85. MakeMyTrip Limited has a twelve month low of $76.95 and a twelve month high of $123.00. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $100.85 and a 200-day moving average price of $102.40.
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
