APG Asset Management N.V. trimmed its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 49.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,237 shares of the technology company's stock after selling 128,216 shares during the period. APG Asset Management N.V. owned about 0.12% of MakeMyTrip worth $11,996,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC grew its holdings in MakeMyTrip by 3.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 4,419 shares of the technology company's stock valued at $496,000 after purchasing an additional 142 shares during the last quarter. Gen Wealth Partners Inc grew its stake in MakeMyTrip by 29.5% in the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock worth $81,000 after acquiring an additional 165 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in MakeMyTrip by 5.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,638 shares of the technology company's stock worth $454,000 after acquiring an additional 241 shares in the last quarter. Signaturefd LLC grew its stake in MakeMyTrip by 40.9% in the 1st quarter. Signaturefd LLC now owns 930 shares of the technology company's stock worth $91,000 after acquiring an additional 270 shares in the last quarter. Finally, Haven Private LLC grew its stake in MakeMyTrip by 3.4% in the 1st quarter. Haven Private LLC now owns 8,776 shares of the technology company's stock worth $860,000 after acquiring an additional 286 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors.
MakeMyTrip Stock Performance
Shares of MakeMyTrip stock traded down $1.70 during trading on Friday, hitting $98.75. 538,700 shares of the company's stock were exchanged, compared to its average volume of 691,788. The company has a debt-to-equity ratio of 18.35, a quick ratio of 1.15 and a current ratio of 1.15. The business has a 50-day simple moving average of $96.81 and a 200-day simple moving average of $98.75. MakeMyTrip Limited has a 52-week low of $81.84 and a 52-week high of $123.00. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 114.83 and a beta of 0.87.
Wall Street Analyst Weigh In
MMYT has been the topic of a number of research analyst reports. Citigroup dropped their target price on shares of MakeMyTrip from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Macquarie upgraded shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $120.00.
Get Our Latest Stock Report on MMYT
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 Stories
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
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
