MakeMyTrip Limited $MMYT Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in MakeMyTrip Limited by 5.2%, owning approximately 1.22% of the company by acquiring an additional 66,614 shares, valued at around $130.9 million.
• MakeMyTrip's stock has recently risen by 4.5%, with a market cap of $10.97 billion, and has a 52-week trading range of $81.84 to $123.00.
• Analysts have set mixed ratings for MakeMyTrip, with Citigroup lowering its price target to $120 and Macquarie upgrading its rating to "outperform" with a $110 target.

American Century Companies Inc. lifted its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 5.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,336,008 shares of the technology company's stock after buying an additional 66,614 shares during the quarter. American Century Companies Inc. owned about 1.22% of MakeMyTrip worth $130,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MMYT. Aberdeen Group plc purchased a new stake in shares of MakeMyTrip in the first quarter worth $342,000. Fox Run Management L.L.C. bought a new stake in shares of MakeMyTrip during the 1st quarter valued at $577,000. Vestmark Advisory Solutions Inc. grew its holdings in MakeMyTrip by 55.4% during the first quarter. Vestmark Advisory Solutions Inc. now owns 4,152 shares of the technology company's stock valued at $407,000 after purchasing an additional 1,481 shares during the period. GQG Partners LLC increased its holdings in MakeMyTrip by 273.2% in the 1st quarter. GQG Partners LLC now owns 2,009,506 shares of the technology company's stock worth $196,911,000 after acquiring an additional 1,470,985 shares in the last quarter. Finally, E Fund Management Co. Ltd. lifted its stake in shares of MakeMyTrip by 345.1% during the 1st quarter. E Fund Management Co. Ltd. now owns 14,004 shares of the technology company's stock valued at $1,372,000 after buying an additional 10,858 shares in the last quarter. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Stock Performance

Shares of MMYT traded up $1.9140 during midday trading on Friday, reaching $102.7740. 318,707 shares of the stock were exchanged, compared to its average volume of 1,031,290. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 119.50 and a beta of 0.86. MakeMyTrip Limited has a twelve month low of $81.84 and a twelve month high of $123.00. The business's 50-day moving average price is $96.03 and its 200 day moving average price is $99.34. The company has a debt-to-equity ratio of 18.35, a current ratio of 1.15 and a quick ratio of 1.15.

Analyst Ratings Changes

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

About MakeMyTrip

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.