24,321 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Purchased by Dorsey Wright & Associates

Dorsey Wright & Associates bought a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,321 shares of the technology company's stock, valued at approximately $2,383,000.

Several other large investors have also made changes to their positions in MMYT. OneDigital Investment Advisors LLC raised its stake in 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 purchasing an additional 142 shares during the period. Gen Wealth Partners Inc raised 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 valued at $81,000 after buying an additional 165 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of MakeMyTrip by 5.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,638 shares of the technology company's stock worth $454,000 after buying an additional 241 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of MakeMyTrip by 40.9% in 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, Parallel Advisors LLC boosted its position in shares of MakeMyTrip by 1,014.9% during the first quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock worth $51,000 after acquiring an additional 477 shares during the last quarter. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MMYT has been the topic of several research analyst reports. Macquarie upgraded shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price target on the stock in a research note on Tuesday, June 24th. Citigroup decreased their target price on MakeMyTrip from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT traded down $0.28 on Thursday, reaching $101.62. The company's stock had a trading volume of 1,036,018 shares, compared to its average volume of 1,336,181. The company has a 50-day simple moving average of $98.03 and a 200 day simple moving average of $100.84. MakeMyTrip Limited has a 52-week low of $76.95 and a 52-week high of $123.00. The company has a debt-to-equity ratio of 18.35, a quick ratio of 1.85 and a current ratio of 1.15. The company has a market cap of $11.31 billion, a P/E ratio of 118.16 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.