Exchange Traded Concepts LLC grew its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 6.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 45,513 shares of the technology company's stock after buying an additional 2,729 shares during the period. Exchange Traded Concepts LLC's holdings in MakeMyTrip were worth $4,460,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of MMYT. Steward Partners Investment Advisory LLC increased its holdings in MakeMyTrip by 41.4% during the fourth 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 last quarter. Parallel Advisors LLC raised its holdings in 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 buying an additional 477 shares during the last quarter. Signaturefd LLC purchased a new stake in shares of MakeMyTrip in the fourth quarter valued at about $74,000. Gen Wealth Partners Inc grew its position in 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 period. Finally, Quadrant Capital Group LLC bought a new position in MakeMyTrip during the fourth quarter worth about $125,000. Institutional investors and hedge funds own 51.89% of the company's stock.
MakeMyTrip Price Performance
MMYT stock traded up $2.94 during midday trading on Wednesday, reaching $94.43. The stock had a trading volume of 13,204,717 shares, compared to its average volume of 779,889. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 113.77 and a beta of 0.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01. The company's fifty day simple moving average is $102.66 and its 200 day simple moving average is $104.53. MakeMyTrip Limited has a 52-week low of $76.95 and a 52-week high of $123.00.
Analysts Set New Price Targets
A number of equities analysts have commented on MMYT shares. Citigroup lifted their price target on MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.
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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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