Amansa Capital PTE. LTD. cut its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,600,273 shares of the technology company's stock after selling 199,727 shares during the period. MakeMyTrip accounts for 42.3% of Amansa Capital PTE. LTD.'s portfolio, making the stock its 2nd largest position. Amansa Capital PTE. LTD. owned approximately 1.46% of MakeMyTrip worth $156,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in MMYT. Allspring Global Investments Holdings LLC increased its stake in MakeMyTrip by 325.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 22,218 shares of the technology company's stock valued at $2,202,000 after purchasing an additional 17,000 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of MakeMyTrip in the 4th quarter valued at about $2,183,000. Squarepoint Ops LLC grew its position in shares of MakeMyTrip by 103.1% during 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 last quarter. Norges Bank acquired a new stake in MakeMyTrip during the fourth quarter worth about $97,833,000. Finally, Prudential PLC lifted its holdings in MakeMyTrip by 70.8% in the fourth quarter. Prudential PLC now owns 10,787 shares of the technology company's stock worth $1,211,000 after acquiring an additional 4,470 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have commented on MMYT shares. Wall Street Zen upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Macquarie upgraded MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a research report on Tuesday, June 24th. Finally, Citigroup increased their target price on MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th.
Get Our Latest Report on MakeMyTrip
MakeMyTrip Stock Performance
NASDAQ MMYT traded down $1.26 on Friday, hitting $90.86. The stock had a trading volume of 1,529,144 shares, compared to its average volume of 831,276. The company's 50-day moving average is $100.10 and its two-hundred day moving average is $102.12. MakeMyTrip Limited has a one year low of $76.95 and a one year high of $123.00. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 109.47 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.
About MakeMyTrip
(
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.
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