Amundi lessened its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 7.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 432,719 shares of the technology company's stock after selling 34,853 shares during the period. Amundi owned about 0.39% of MakeMyTrip worth $41,571,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in MakeMyTrip during the 1st quarter valued at about $28,000. Twin Tree Management LP purchased a new position in MakeMyTrip during the 1st quarter valued at about $29,000. Stone House Investment Management LLC purchased a new position in MakeMyTrip during the 1st quarter valued at about $49,000. Parallel Advisors LLC increased its holdings in MakeMyTrip by 1,014.9% during the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after purchasing an additional 477 shares during the period. Finally, Gen Wealth Partners Inc boosted its position in MakeMyTrip by 29.5% during the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock valued at $81,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.
Analyst Upgrades and Downgrades
MMYT has been the topic of several research reports. Macquarie raised MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price objective on the stock in a research report on Tuesday, June 24th. Citigroup lowered their price objective on MakeMyTrip from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, Wall Street Zen cut MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, MakeMyTrip has an average rating of "Buy" and a consensus target price of $120.00.
Get Our Latest Report on MakeMyTrip
MakeMyTrip Trading Down 2.2%
MMYT traded down $2.21 on Friday, hitting $98.50. The company had a trading volume of 154,819 shares, compared to its average volume of 1,002,711. The business's fifty day simple moving average is $97.34 and its 200 day simple moving average is $98.60. MakeMyTrip Limited has a 12-month low of $81.84 and a 12-month high of $123.00. The company has a market cap of $10.96 billion, a PE ratio of 114.86 and a beta of 0.87. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 18.35.
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.
Featured Articles
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
