BNP Paribas Financial Markets Increases Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

BNP Paribas Financial Markets boosted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 98.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,520 shares of the technology company's stock after purchasing an additional 2,737 shares during the period. BNP Paribas Financial Markets' holdings in MakeMyTrip were worth $620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MMYT. AXA S.A. purchased a new position in shares of MakeMyTrip during the 4th quarter valued at about $2,829,000. PDT Partners LLC acquired a new stake in MakeMyTrip during the fourth quarter worth about $2,732,000. Schonfeld Strategic Advisors LLC grew its holdings in MakeMyTrip by 248.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 29,110 shares of the technology company's stock worth $3,268,000 after acquiring an additional 20,747 shares during the period. The Manufacturers Life Insurance Company raised its position in MakeMyTrip by 13.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 717,751 shares of the technology company's stock valued at $80,589,000 after acquiring an additional 85,689 shares in the last quarter. Finally, Aquatic Capital Management LLC lifted its holdings in MakeMyTrip by 119.0% in the fourth quarter. Aquatic Capital Management LLC now owns 41,165 shares of the technology company's stock valued at $4,622,000 after acquiring an additional 22,365 shares during the period. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Trading Down 2.4%

MMYT traded down $2.46 during trading hours on Tuesday, reaching $100.91. The company's stock had a trading volume of 487,304 shares, compared to its average volume of 708,059. The business's 50-day moving average is $102.19 and its 200-day moving average is $105.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The stock has a market cap of $11.08 billion, a PE ratio of 54.84, a P/E/G ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a fifty-two week low of $72.55 and a fifty-two week high of $123.00.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Citigroup raised their price objective on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th.

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.