MakeMyTrip Limited $MMYT Holdings Decreased by Credit Agricole S A

Key Points

• Credit Agricole S A reduced its stake in MakeMyTrip Limited by 14%, now holding 36,197 shares worth approximately $3.5 million after selling 5,869 shares in Q1.
• Multiple institutional investors have made moves in MakeMyTrip, with Parallel Advisors LLC growing its stake by 1,014.9% during the same period.
• Research analysts have had mixed opinions on MakeMyTrip, with Citigroup cutting its target price to $120 and Macquarie upgrading its rating to "outperform" with a target of $110.

Credit Agricole S A lessened its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,197 shares of the technology company's stock after selling 5,869 shares during the period. Credit Agricole S A's holdings in MakeMyTrip were worth $3,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. OneDigital Investment Advisors LLC boosted its position in shares of MakeMyTrip by 3.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 4,419 shares of the technology company's stock valued at $496,000 after acquiring an additional 142 shares during the last quarter. Gen Wealth Partners Inc lifted its position in shares of MakeMyTrip by 29.5% during the fourth quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock worth $81,000 after purchasing an additional 165 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in MakeMyTrip by 5.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,638 shares of the technology company's stock valued at $454,000 after buying an additional 241 shares during the period. Signaturefd LLC grew its position in shares of MakeMyTrip by 40.9% during the first quarter. Signaturefd LLC now owns 930 shares of the technology company's stock worth $91,000 after buying an additional 270 shares in the last quarter. Finally, Haven Private LLC grew its stake in shares of MakeMyTrip by 3.4% during the first quarter. Haven Private LLC now owns 8,776 shares of the technology company's stock worth $860,000 after purchasing an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Citigroup decreased their price target on MakeMyTrip from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, Macquarie raised MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Tuesday, June 24th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, MakeMyTrip presently has a consensus rating of "Buy" and a consensus target price of $120.00.

MakeMyTrip Stock Down 2.4%

Shares of NASDAQ MMYT traded down $2.44 during trading on Thursday, reaching $100.73. 175,010 shares of the stock were exchanged, compared to its average volume of 1,018,328. MakeMyTrip Limited has a twelve month low of $81.84 and a twelve month high of $123.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 18.35. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 117.19 and a beta of 0.86. The business's 50-day moving average price is $96.54 and its 200 day moving average price is $98.94.

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.