MakeMyTrip Limited (NASDAQ:MMYT) Shares Bought by Steadview Capital Management LLC

Steadview Capital Management LLC grew its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 205.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,000 shares of the technology company's stock after buying an additional 107,000 shares during the quarter. MakeMyTrip makes up approximately 3.4% of Steadview Capital Management LLC's portfolio, making the stock its 8th largest position. Steadview Capital Management LLC owned approximately 0.14% of MakeMyTrip worth $15,580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its holdings in shares of MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after buying an additional 111 shares during the period. Parallel Advisors LLC lifted its position 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 worth $51,000 after purchasing an additional 477 shares in the last quarter. Signaturefd LLC purchased a new stake in shares of MakeMyTrip in the fourth quarter worth approximately $74,000. Gen Wealth Partners Inc lifted its position 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 worth $81,000 after purchasing an additional 165 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of MakeMyTrip in the first quarter worth approximately $107,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MMYT. Macquarie raised shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a research report on Tuesday, June 24th. Citigroup increased their price target 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. Finally, Wall Street Zen raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.

MakeMyTrip Price Performance

Shares of MMYT opened at $93.36 on Thursday. The firm has a market cap of $10.39 billion, a PE ratio of 112.48 and a beta of 0.85. The firm's 50 day moving average price is $100.41 and its 200 day moving average price is $102.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.85 and a current ratio of 1.85. MakeMyTrip Limited has a twelve month low of $76.95 and a twelve month high of $123.00.

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.

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