Carrhae Capital LLP increased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 88.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 397,945 shares of the technology company's stock after acquiring an additional 186,995 shares during the period. MakeMyTrip comprises about 2.9% of Carrhae Capital LLP's investment portfolio, making the stock its 11th biggest position. Carrhae Capital LLP owned 0.36% of MakeMyTrip worth $38,995,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in MMYT. Allspring Global Investments Holdings LLC raised its stake in shares of MakeMyTrip by 325.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 22,218 shares of the technology company's stock worth $2,202,000 after buying an additional 17,000 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in MakeMyTrip in the fourth quarter valued at $2,183,000. Squarepoint Ops LLC grew its position in MakeMyTrip by 103.1% in the fourth quarter. Squarepoint Ops LLC now owns 6,105 shares of the technology company's stock valued at $685,000 after purchasing an additional 3,099 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in MakeMyTrip in the first quarter valued at $1,063,000. Finally, Norges Bank acquired a new stake in MakeMyTrip in the fourth quarter valued at $97,833,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have weighed in on MMYT. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Citigroup lifted their price target on shares of MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a 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 on the stock in a research report on Tuesday, June 24th.
Get Our Latest Stock Analysis on MMYT
MakeMyTrip Trading Up 0.6%
Shares of NASDAQ MMYT traded up $0.62 during mid-day trading on Friday, hitting $96.09. The stock had a trading volume of 1,216,876 shares, compared to its average volume of 836,286. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.85 and a current ratio of 1.85. The business has a 50 day moving average price of $98.41 and a two-hundred day moving average price of $101.19. The firm has a market cap of $10.69 billion, a P/E ratio of 115.77 and a beta of 0.85. MakeMyTrip Limited has a 1 year low of $76.95 and a 1 year high of $123.00.
About MakeMyTrip
(
Free Report)
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.
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