MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Amansa Capital PTE. LTD.

Amansa Capital PTE. LTD. lessened its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,600,273 shares of the technology company's stock after selling 199,727 shares during the period. MakeMyTrip accounts for approximately 42.3% of Amansa Capital PTE. LTD.'s portfolio, making the stock its 2nd biggest position. Amansa Capital PTE. LTD. owned about 1.46% of MakeMyTrip worth $156,811,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MMYT. Steward Partners Investment Advisory LLC raised its holdings in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after buying an additional 111 shares during the period. Parallel Advisors LLC raised its holdings in MakeMyTrip by 1,014.9% in the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after buying an additional 477 shares during the period. Signaturefd LLC purchased a new stake in MakeMyTrip in the 4th quarter valued at about $74,000. Gen Wealth Partners Inc raised its holdings in MakeMyTrip by 29.5% in the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock valued at $81,000 after buying an additional 165 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in MakeMyTrip in the 1st quarter valued at about $107,000. Hedge funds and other institutional investors own 51.89% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MMYT. Citigroup boosted their price objective on shares of MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Macquarie upgraded shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price objective on the stock in a report on Tuesday, June 24th.

MakeMyTrip Trading Up 0.1%

NASDAQ MMYT traded up $0.10 during trading on Monday, hitting $90.96. The stock had a trading volume of 1,051,730 shares, compared to its average volume of 1,023,312. The company has a market capitalization of $10.12 billion, a PE ratio of 109.59 and a beta of 0.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $99.67 and a 200 day moving average price of $101.78. MakeMyTrip Limited has a twelve month low of $76.95 and a twelve month high of $123.00.

MakeMyTrip Profile

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.