C WorldWide Group Holding A S Sells 77,609 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

C WorldWide Group Holding A S lowered its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 27.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,964 shares of the technology company's stock after selling 77,609 shares during the quarter. C WorldWide Group Holding A S owned 0.18% of MakeMyTrip worth $19,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Parallel Advisors LLC grew its stake 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 buying an additional 477 shares in the last quarter. Signaturefd LLC bought a new position in MakeMyTrip in the 4th quarter valued at $74,000. Gen Wealth Partners Inc grew 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 in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of MakeMyTrip during the 1st quarter valued at $107,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of MakeMyTrip during the 4th quarter valued at $125,000. Hedge funds and other institutional investors own 51.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup boosted their price target on shares of 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 upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Macquarie upgraded shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Tuesday, June 24th.

MakeMyTrip Trading Up 0.2%

Shares of MakeMyTrip stock traded up $0.19 during trading on Friday, reaching $95.66. 98,279 shares of the stock were exchanged, compared to its average volume of 1,022,857. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. MakeMyTrip Limited has a 1 year low of $76.95 and a 1 year high of $123.00. The stock's fifty day moving average is $98.45 and its 200 day moving average is $101.38. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 115.26 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.

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.