Banque Pictet & Cie SA Grows Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Banque Pictet & Cie SA raised its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 21.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,662 shares of the technology company's stock after purchasing an additional 3,634 shares during the quarter. Banque Pictet & Cie SA's holdings in MakeMyTrip were worth $2,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MMYT. Steward Partners Investment Advisory LLC increased its holdings in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after acquiring an additional 111 shares during the last quarter. Parallel Advisors LLC increased its holdings in MakeMyTrip by 1,014.9% in the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after acquiring an additional 477 shares during the last quarter. Signaturefd LLC bought a new stake in MakeMyTrip in the 4th quarter valued at $74,000. Gen Wealth Partners Inc increased its holdings in MakeMyTrip by 29.5% in 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 during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in MakeMyTrip in the 1st quarter valued at $107,000. 51.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Macquarie upgraded shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price target on the stock in a report on Tuesday, June 24th. Citigroup boosted their target price on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th.

MakeMyTrip Trading Down 1.5%

Shares of MMYT stock traded down $1.35 during trading hours on Friday, reaching $90.77. 777,360 shares of the stock were exchanged, compared to its average volume of 827,828. MakeMyTrip Limited has a 12-month low of $76.95 and a 12-month high of $123.00. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01. The company's 50-day moving average price is $100.10 and its 200-day moving average price is $102.12. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 109.54 and a beta of 0.85.

MakeMyTrip Company Profile

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.