Boston Common Asset Management LLC Purchases 2,715 Shares of MakeMyTrip Limited $MMYT

Key Points

• Boston Common Asset Management LLC increased its stake in MakeMyTrip Limited by 12.3%, acquiring an additional 2,715 shares, bringing its total holdings to 24,730 shares valued at approximately $2.4 million.
• Recent analyst ratings for MakeMyTrip include a downgrade from Wall Street Zen to a "sell," while Citigroup maintains a "buy" rating with a price target of $120.00.
• MakeMyTrip's stock opened at $94.45, with a market cap of $10.51 billion, reflective of its performance amidst varying institutional interests, as 51.89% of the stock is held by institutional investors.

Boston Common Asset Management LLC raised its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 12.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 24,730 shares of the technology company's stock after buying an additional 2,715 shares during the period. Boston Common Asset Management LLC's holdings in MakeMyTrip were worth $2,424,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MMYT. WPG Advisers LLC bought a new position in MakeMyTrip in the 1st quarter valued at $28,000. Twin Tree Management LP bought a new position in MakeMyTrip in the 1st quarter valued at $29,000. Stone House Investment Management LLC bought a new position in shares of MakeMyTrip in the 1st quarter worth $49,000. Farther Finance Advisors LLC acquired a new stake in shares of MakeMyTrip during the second quarter worth $50,000. Finally, Parallel Advisors LLC increased its holdings in MakeMyTrip by 1,014.9% in the first quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after purchasing an additional 477 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on MMYT. Wall Street Zen downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday. Citigroup dropped their price objective on MakeMyTrip from $125.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, Macquarie upgraded MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, MakeMyTrip has an average rating of "Buy" and an average target price of $120.00.

MakeMyTrip Stock Performance

Shares of MakeMyTrip stock opened at $94.45 on Friday. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 109.83 and a beta of 0.81. The stock's 50-day moving average is $97.52 and its 200-day moving average is $99.08. MakeMyTrip Limited has a one year low of $81.84 and a one year high of $123.00. The company has a debt-to-equity ratio of 18.35, a current ratio of 1.15 and a quick ratio of 1.15.

MakeMyTrip 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.

Want to see what other hedge funds are holding MMYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MakeMyTrip Limited (NASDAQ:MMYT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.