Axiom Investors LLC DE Has $75.64 Million Stake in MakeMyTrip Limited $MMYT

Key Points

• Axiom Investors LLC DE has increased its stake in MakeMyTrip Limited by 20.4%, now owning 771,932 shares valued at approximately $75.6 million.
• Analysts have mixed opinions on MakeMyTrip, with Citigroup and Wall Street Zen adjusting their ratings and price targets, while Macquarie upgraded its rating to "outperform."
• MakeMyTrip shares opened at $100.45 with a market cap of $11.18 billion and currently holds a consensus rating of "Buy" with an average target price of $120.00.

Axiom Investors LLC DE increased its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 20.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 771,932 shares of the technology company's stock after buying an additional 130,702 shares during the quarter. Axiom Investors LLC DE owned 0.70% of MakeMyTrip worth $75,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in shares of MakeMyTrip in the first quarter valued at approximately $49,000. Parallel Advisors LLC increased its stake in shares of MakeMyTrip by 1,014.9% in the first quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after buying an additional 477 shares during the period. Gen Wealth Partners Inc increased its stake in shares of MakeMyTrip by 29.5% in the fourth quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock valued at $81,000 after buying an additional 165 shares during the period. Signaturefd LLC increased its stake in shares of MakeMyTrip by 40.9% in the first quarter. Signaturefd LLC now owns 930 shares of the technology company's stock valued at $91,000 after buying an additional 270 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of MakeMyTrip in the first quarter valued at approximately $107,000. Institutional investors and hedge funds own 51.89% of the company's stock.

Wall Street Analysts Forecast Growth

MMYT has been the subject of several recent research reports. Citigroup lowered their price objective on MakeMyTrip from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Macquarie raised shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Tuesday, June 24th. Finally, Wall Street Zen downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $120.00.

MakeMyTrip Trading Down 2.9%

Shares of NASDAQ:MMYT traded down $2.89 during midday trading on Friday, reaching $97.81. The company's stock had a trading volume of 384,262 shares, compared to its average volume of 691,392. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 113.73 and a beta of 0.87. The company has a debt-to-equity ratio of 18.35, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a 50 day moving average price of $97.38 and a two-hundred day moving average price of $98.64. MakeMyTrip Limited has a fifty-two week low of $81.84 and a fifty-two week high of $123.00.

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.