Mackenzie Financial Corp bought a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,153 shares of the technology company's stock, valued at approximately $1,191,000.
Several other large investors have also recently made changes to their positions in MMYT. Parallel Advisors LLC increased its holdings in MakeMyTrip by 1,014.9% in the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock worth $51,000 after acquiring an additional 477 shares during the last quarter. Gen Wealth Partners Inc increased 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 worth $81,000 after acquiring an additional 165 shares during the last quarter. Signaturefd LLC increased its holdings in MakeMyTrip by 40.9% in the 1st quarter. Signaturefd LLC now owns 930 shares of the technology company's stock worth $91,000 after acquiring an additional 270 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in MakeMyTrip in the 1st quarter worth about $107,000. Finally, Quadrant Capital Group LLC purchased a new stake in MakeMyTrip in the 4th quarter worth about $125,000. 51.89% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have commented on MMYT shares. Macquarie upgraded MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research note on Tuesday, June 24th. Citigroup cut their target price on MakeMyTrip from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Finally, Wall Street Zen downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Saturday.
Read Our Latest Analysis on MMYT
MakeMyTrip Stock Performance
Shares of MMYT opened at $93.56 on Tuesday. The company has a market cap of $10.41 billion, a PE ratio of 108.79 and a beta of 0.86. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 18.35. The stock has a 50-day moving average price of $97.28 and a 200-day moving average price of $100.31. MakeMyTrip Limited has a 12-month low of $76.95 and a 12-month high of $123.00.
MakeMyTrip Profile
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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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