LBP AM SA grew its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 131.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,744 shares of the technology company's stock after buying an additional 16,344 shares during the quarter. LBP AM SA's holdings in MakeMyTrip were worth $2,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of MMYT. Steward Partners Investment Advisory LLC raised its holdings in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after purchasing an additional 111 shares during the period. Atria Investments Inc bought a new position in MakeMyTrip in the 4th quarter worth $249,000. Raymond James Financial Inc. bought a new position in MakeMyTrip in the 4th quarter worth $1,605,000. HighTower Advisors LLC raised its holdings in MakeMyTrip by 57.8% in the 4th quarter. HighTower Advisors LLC now owns 72,186 shares of the technology company's stock worth $8,105,000 after purchasing an additional 26,431 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in MakeMyTrip in the 4th quarter worth $8,871,000. 51.89% of the stock is owned by institutional investors.
MakeMyTrip Price Performance
MMYT stock traded up $0.10 during trading on Monday, reaching $90.96. The company's stock had a trading volume of 1,051,730 shares, compared to its average volume of 1,023,312. MakeMyTrip Limited has a 1 year low of $76.95 and a 1 year high of $123.00. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.12 billion, a P/E ratio of 109.59 and a beta of 0.85. The company's fifty day moving average is $99.67 and its 200-day moving average is $101.78.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on MMYT. Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Macquarie upgraded MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Tuesday, June 24th. Finally, Citigroup increased 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.
View Our Latest Stock Report on MakeMyTrip
MakeMyTrip Profile
(
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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