Ballentine Partners LLC bought a new position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,121 shares of the technology company's stock, valued at approximately $306,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MMYT. Mirae Asset Global Investments Co. Ltd. boosted its position in MakeMyTrip by 9,724.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,132,381 shares of the technology company's stock worth $2,364,732,000 after acquiring an additional 23,886,735 shares during the period. Norges Bank acquired a new position in MakeMyTrip during the 4th quarter worth $97,833,000. Ninety One UK Ltd boosted its position in MakeMyTrip by 1,586.6% during the 1st quarter. Ninety One UK Ltd now owns 772,853 shares of the technology company's stock worth $75,732,000 after acquiring an additional 727,030 shares during the period. GQG Partners LLC acquired a new position in MakeMyTrip during the 4th quarter worth $60,465,000. Finally, Martin Currie Ltd. acquired a new position in MakeMyTrip during the 4th quarter worth $45,966,000. Institutional investors and hedge funds own 51.89% of the company's stock.
MakeMyTrip Stock Performance
NASDAQ:MMYT traded up $0.62 during mid-day trading on Friday, hitting $96.09. 1,216,876 shares of the company's stock traded hands, compared to its average volume of 836,491. The firm has a 50 day moving average of $98.41 and a two-hundred day moving average of $101.26. MakeMyTrip Limited has a 12 month low of $76.95 and a 12 month high of $123.00. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 115.77 and a beta of 0.85. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01.
Analyst Ratings Changes
A number of analysts have recently commented on MMYT shares. Macquarie raised MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price objective on the stock in a research note on Tuesday, June 24th. Citigroup boosted their price objective on MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.
Read Our Latest Stock Analysis on MakeMyTrip
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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