Lbp Am Sa Buys 16,344 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

LBP AM SA increased its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 131.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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).

A number of other hedge funds also recently bought and sold shares of the company. Flossbach Von Storch SE lifted its position in MakeMyTrip by 17.6% in the 1st quarter. Flossbach Von Storch SE now owns 20,000 shares of the technology company's stock worth $1,960,000 after buying an additional 3,000 shares during the last quarter. Ninety One UK Ltd raised its holdings in shares of MakeMyTrip by 1,586.6% during the first quarter. Ninety One UK Ltd now owns 772,853 shares of the technology company's stock valued at $75,732,000 after acquiring an additional 727,030 shares in the last quarter. Ninety One North America Inc. bought a new position in shares of MakeMyTrip during the first quarter valued at approximately $18,737,000. Envestnet Asset Management Inc. raised its holdings in shares of MakeMyTrip by 48.1% during the first quarter. Envestnet Asset Management Inc. now owns 30,091 shares of the technology company's stock valued at $2,949,000 after acquiring an additional 9,777 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of MakeMyTrip by 5.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,638 shares of the technology company's stock valued at $454,000 after acquiring an additional 241 shares in the last quarter. Institutional investors own 51.89% of the company's stock.

MakeMyTrip Stock Performance

NASDAQ:MMYT traded down $1.26 on Friday, hitting $90.86. The stock had a trading volume of 1,529,144 shares, compared to its average volume of 831,993. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 109.47 and a beta of 0.85. 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 business's 50-day simple moving average is $99.67 and its two-hundred day simple moving average is $101.88. MakeMyTrip Limited has a 52-week low of $76.95 and a 52-week high of $123.00.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MMYT. Citigroup upped 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. Macquarie raised MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price objective on the stock in a research report on Tuesday, June 24th. Finally, Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.

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.