C WorldWide Group Holding A S Cuts Stake in MakeMyTrip Limited (NASDAQ:MMYT)

C WorldWide Group Holding A S decreased its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 27.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 200,964 shares of the technology company's stock after selling 77,609 shares during the period. C WorldWide Group Holding A S owned 0.18% of MakeMyTrip worth $19,692,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Carrhae Capital LLP increased its stake in MakeMyTrip by 88.6% in the 1st quarter. Carrhae Capital LLP now owns 397,945 shares of the technology company's stock valued at $38,995,000 after buying an additional 186,995 shares during the last quarter. Triasima Portfolio Management inc. increased its position in shares of MakeMyTrip by 21.4% during the 1st quarter. Triasima Portfolio Management inc. now owns 24,423 shares of the technology company's stock valued at $2,393,000 after purchasing an additional 4,301 shares during the last quarter. Signaturefd LLC increased its position in shares of MakeMyTrip by 40.9% during the 1st quarter. Signaturefd LLC now owns 930 shares of the technology company's stock valued at $91,000 after purchasing an additional 270 shares during the last quarter. LRI Investments LLC increased its position in shares of MakeMyTrip by 42.9% during the 1st quarter. LRI Investments LLC now owns 2,812 shares of the technology company's stock valued at $276,000 after purchasing an additional 844 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of MakeMyTrip during the 1st quarter valued at $306,000. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Stock Performance

Shares of MMYT traded up $1.63 during trading hours on Monday, hitting $97.72. The company's stock had a trading volume of 737,068 shares, compared to its average volume of 836,059. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 117.88 and a beta of 0.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.85. The business has a 50 day simple moving average of $98.41 and a two-hundred day simple moving average of $101.08. MakeMyTrip Limited has a 52-week low of $76.95 and a 52-week high of $123.00.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MMYT shares. Citigroup raised their target price on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Macquarie raised 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. Finally, Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research 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.