MakeMyTrip Limited $MMYT Shares Acquired by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd increased its holdings in MakeMyTrip Limited by 1.3%, owning approximately 0.70% of the company, valued at $76.8 million as of its latest SEC filing.
• MakeMyTrip has received upgraded ratings from several brokerages, including a raise to "outperform" by Macquarie with a new price target of $110.
• The stock currently has an average price target of $120 and a "Buy" rating from three equity research analysts.

Ninety One UK Ltd increased its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 783,059 shares of the technology company's stock after purchasing an additional 10,206 shares during the period. Ninety One UK Ltd owned approximately 0.70% of MakeMyTrip worth $76,755,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. WPG Advisers LLC purchased a new position in shares of MakeMyTrip during the 1st quarter worth approximately $28,000. Twin Tree Management LP acquired a new position in MakeMyTrip during the first quarter worth $29,000. Stone House Investment Management LLC purchased a new position in MakeMyTrip in the first quarter worth $49,000. Farther Finance Advisors LLC acquired a new stake in MakeMyTrip in the second quarter valued at $50,000. Finally, Parallel Advisors LLC boosted its position in shares of MakeMyTrip by 1,014.9% during the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock worth $51,000 after purchasing an additional 477 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Stock Performance

NASDAQ:MMYT opened at $93.60 on Wednesday. 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 company has a market capitalization of $10.41 billion, a P/E ratio of 108.84 and a beta of 0.87. The firm has a 50-day moving average price of $98.02 and a two-hundred day moving average price of $99.16. MakeMyTrip Limited has a twelve month low of $81.84 and a twelve month high of $123.00.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MMYT. Macquarie upgraded shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Tuesday, June 24th. Wall Street Zen raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Citigroup reduced their price target on shares of MakeMyTrip from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $120.00.

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.

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