Cetera Investment Advisers Acquires Shares of 4,025 MakeMyTrip Limited (NASDAQ:MMYT)

Cetera Investment Advisers purchased a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,025 shares of the technology company's stock, valued at approximately $452,000.

Other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its stake in MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after buying an additional 111 shares during the period. Signaturefd LLC acquired a new position in MakeMyTrip during the 4th quarter worth approximately $74,000. R Squared Ltd acquired a new position in MakeMyTrip during the 4th quarter worth approximately $99,000. BOCHK Asset Management Ltd raised its stake in MakeMyTrip by 266.7% during the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock worth $124,000 after buying an additional 800 shares during the period. Finally, Quadrant Capital Group LLC acquired a new position in MakeMyTrip during the 4th quarter worth approximately $125,000. 51.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

MakeMyTrip Stock Down 0.1%

Shares of MakeMyTrip stock traded down $0.11 on Friday, hitting $101.90. The company had a trading volume of 332,688 shares, compared to its average volume of 705,722. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 55.38, a P/E/G ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a 1 year low of $72.55 and a 1 year high of $123.00. The stock has a 50 day moving average of $101.99 and a 200-day moving average of $105.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88.

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.