Flossbach Von Storch SE lifted its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 17.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the technology company's stock after buying an additional 3,000 shares during the period. Flossbach Von Storch SE's holdings in MakeMyTrip were worth $1,960,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC grew its holdings in MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after purchasing an additional 111 shares during the last quarter. Parallel Advisors LLC grew its holdings in MakeMyTrip by 1,014.9% during the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after purchasing an additional 477 shares during the last quarter. Signaturefd LLC bought a new position in MakeMyTrip during the 4th quarter valued at about $74,000. Gen Wealth Partners Inc grew its holdings in MakeMyTrip by 29.5% during the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock valued at $81,000 after purchasing an additional 165 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in MakeMyTrip during the 1st quarter valued at about $107,000. 51.89% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Macquarie upgraded shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price target on the stock in a report on Tuesday, June 24th. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Citigroup upped their price target on shares of MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 15th.
Check Out Our Latest Stock Analysis on MakeMyTrip
MakeMyTrip Trading Down 1.4%
MMYT stock traded down $1.26 during mid-day trading on Friday, reaching $90.86. The company had a trading volume of 1,529,144 shares, compared to its average volume of 831,993. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $10.11 billion, a PE ratio of 109.47 and a beta of 0.85. The firm has a 50 day moving average of $99.67 and a 200 day moving average of $101.88. MakeMyTrip Limited has a 12 month low of $76.95 and a 12 month high of $123.00.
About MakeMyTrip
(
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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