Fox Run Management L.L.C. Acquires New Shares in MakeMyTrip Limited $MMYT

Key Points

• Fox Run Management L.L.C. acquired a new stake in MakeMyTrip Limited, purchasing 5,891 shares valued at approximately $577,000 in the first quarter.
• Despite mixed ratings from various analysts, MakeMyTrip holds a current consensus rating of "Buy" with a price target of $120.00.
• The company's stock has seen fluctuations, recently trading at $102.28, with a one-year high of $123.00 and a low of $81.84.

Fox Run Management L.L.C. bought a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,891 shares of the technology company's stock, valued at approximately $577,000.

Several other hedge funds have also recently added to or reduced their stakes in MMYT. Stone House Investment Management LLC acquired a new stake in shares of MakeMyTrip during the 1st quarter valued at $49,000. Parallel Advisors LLC raised 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 purchasing an additional 477 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 worth $81,000 after purchasing an additional 165 shares during the period. Signaturefd LLC lifted its holdings in shares of MakeMyTrip by 40.9% during the first quarter. Signaturefd LLC now owns 930 shares of the technology company's stock valued at $91,000 after purchasing an additional 270 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of MakeMyTrip in the 1st quarter valued at $107,000. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Stock Up 2.2%

Shares of MMYT traded up $2.2450 during trading hours on Friday, reaching $103.1050. The company's stock had a trading volume of 473,616 shares, compared to its average volume of 1,032,042. The company has a 50 day moving average of $96.03 and a two-hundred day moving average of $99.34. 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 firm has a market cap of $11.47 billion, a price-to-earnings ratio of 119.87 and a beta of 0.86. MakeMyTrip Limited has a 1-year low of $81.84 and a 1-year high of $123.00.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MMYT. Macquarie raised 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 shares of MakeMyTrip from $125.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $120.00.

About MakeMyTrip

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.