Diversify Wealth Management LLC Purchases Shares of 10,096 MakeMyTrip Limited (NASDAQ:MMYT)

Diversify Wealth Management LLC bought a new position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,096 shares of the technology company's stock, valued at approximately $1,063,000.

Other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its position in MakeMyTrip by 9,724.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,132,381 shares of the technology company's stock valued at $2,364,732,000 after purchasing an additional 23,886,735 shares during the period. Schroder Investment Management Group lifted its holdings in MakeMyTrip by 3.6% during the fourth quarter. Schroder Investment Management Group now owns 4,118,898 shares of the technology company's stock worth $462,470,000 after buying an additional 141,507 shares during the period. FMR LLC lifted its holdings in MakeMyTrip by 4.3% during the fourth quarter. FMR LLC now owns 3,793,574 shares of the technology company's stock worth $425,942,000 after buying an additional 158,101 shares during the period. Franklin Resources Inc. lifted its holdings in MakeMyTrip by 0.9% during the fourth quarter. Franklin Resources Inc. now owns 1,503,980 shares of the technology company's stock worth $168,867,000 after buying an additional 13,157 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of MakeMyTrip by 17.4% during the 4th quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock valued at $142,528,000 after purchasing an additional 188,234 shares during the last quarter. 51.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on MMYT shares. Wall Street Zen upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Citigroup lifted their price objective on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Macquarie upgraded MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a research note on Tuesday, June 24th.

MakeMyTrip Price Performance

Shares of MakeMyTrip stock opened at $90.86 on Friday. 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 twelve month low of $76.95 and a twelve month high of $123.00. The business has a 50-day moving average price of $99.67 and a 200 day moving average price of $101.88. The firm has a market cap of $10.11 billion, a PE ratio of 109.47 and a beta of 0.85.

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.

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