MakeMyTrip Limited (NASDAQ:MMYT) is Steadview Capital Management LLC's 8th Largest Position

Steadview Capital Management LLC raised its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 205.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,000 shares of the technology company's stock after buying an additional 107,000 shares during the quarter. MakeMyTrip comprises about 3.4% of Steadview Capital Management LLC's portfolio, making the stock its 8th biggest holding. Steadview Capital Management LLC owned about 0.14% of MakeMyTrip worth $15,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of MMYT. Allspring Global Investments Holdings LLC lifted its position in shares of MakeMyTrip by 325.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 22,218 shares of the technology company's stock worth $2,202,000 after purchasing an additional 17,000 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of MakeMyTrip during the fourth quarter worth about $2,183,000. Squarepoint Ops LLC lifted its position in shares of MakeMyTrip by 103.1% during the fourth quarter. Squarepoint Ops LLC now owns 6,105 shares of the technology company's stock worth $685,000 after purchasing an additional 3,099 shares in the last quarter. Norges Bank acquired a new stake in shares of MakeMyTrip during the fourth quarter worth about $97,833,000. Finally, Prudential PLC lifted its position in shares of MakeMyTrip by 70.8% during the fourth quarter. Prudential PLC now owns 10,787 shares of the technology company's stock worth $1,211,000 after purchasing an additional 4,470 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Stock Performance

Shares of MMYT traded down $1.26 during mid-day trading on Friday, reaching $90.86. 1,529,144 shares of the company's stock were exchanged, compared to its average volume of 831,993. The business's fifty day simple moving average is $99.67 and its 200-day simple moving average is $101.78. MakeMyTrip Limited has a 52-week low of $76.95 and a 52-week high of $123.00. 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 stock has a market capitalization of $10.11 billion, a PE ratio of 109.47 and a beta of 0.85.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MMYT shares. Macquarie raised shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 target price 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 research report on Thursday, May 15th. Finally, Citigroup raised their target price on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th.

MakeMyTrip Company 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.