Ballentine Partners LLC acquired a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,121 shares of the technology company's stock, valued at approximately $306,000.
Other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC raised its holdings in shares of MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after acquiring an additional 111 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of MakeMyTrip by 1,014.9% during the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock worth $51,000 after acquiring an additional 477 shares in the last quarter. Signaturefd LLC purchased a new stake in shares of MakeMyTrip during the 4th quarter worth approximately $74,000. Gen Wealth Partners Inc increased its position in shares of 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 purchasing an additional 165 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of MakeMyTrip during the 1st quarter valued at approximately $107,000. 51.89% of the stock is owned by hedge funds and other institutional investors.
MakeMyTrip Trading Down 0.2%
MakeMyTrip stock traded down $0.19 during mid-day trading on Friday, hitting $95.29. The company's stock had a trading volume of 147,321 shares, compared to its average volume of 833,598. The company has a 50 day moving average of $98.45 and a 200-day moving average of $101.38. The stock has a market cap of $10.60 billion, a PE ratio of 115.27 and a beta of 0.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.85 and a current ratio of 1.85. MakeMyTrip Limited has a one year low of $76.95 and a one year high of $123.00.
Analysts Set New Price Targets
MMYT has been the topic of several analyst reports. Citigroup boosted their target price on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Macquarie raised MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock in a research report on Tuesday, June 24th.
Check Out Our Latest Stock Analysis on MakeMyTrip
MakeMyTrip 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.
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