Employees Retirement System of Texas bought a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,908 shares of the technology company's stock, valued at approximately $551,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMYT. Steward Partners Investment Advisory LLC boosted its position in shares of MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after acquiring an additional 111 shares during the period. Signaturefd LLC acquired a new position in MakeMyTrip during the 4th quarter valued at $74,000. Gen Wealth Partners Inc boosted its holdings in MakeMyTrip by 29.5% in the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock valued at $81,000 after purchasing an additional 165 shares during the period. R Squared Ltd acquired a new stake in MakeMyTrip in the 4th quarter worth $99,000. Finally, BOCHK Asset Management Ltd grew its position in MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock worth $124,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 51.89% of the company's stock.
MakeMyTrip Price Performance
Shares of NASDAQ:MMYT traded down $0.11 during midday trading on Friday, reaching $101.90. 332,688 shares of the company's stock were exchanged, compared to its average volume of 705,693. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The company's 50 day simple moving average is $101.99 and its two-hundred day simple moving average is $105.22. MakeMyTrip Limited has a 12 month low of $72.55 and a 12 month high of $123.00. The firm has a market capitalization of $11.19 billion, a PE ratio of 55.38, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92.
Analyst Ratings Changes
A number of brokerages have recently commented on MMYT. Wall Street Zen raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Citigroup lifted their price objective on MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 15th.
Check Out Our Latest Stock Analysis on MMYT
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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