MakeMyTrip Limited (NASDAQ:MMYT) Stock Holdings Lowered by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 34.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 408,618 shares of the technology company's stock after selling 210,234 shares during the period. Massachusetts Financial Services Co. MA owned about 0.37% of MakeMyTrip worth $40,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Signaturefd LLC boosted its holdings 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 purchasing an additional 270 shares during the period. LRI Investments LLC increased its position in shares of MakeMyTrip by 42.9% in the 1st quarter. LRI Investments LLC now owns 2,812 shares of the technology company's stock valued at $276,000 after acquiring an additional 844 shares during the period. Ballentine Partners LLC acquired a new position in shares of MakeMyTrip in the 1st quarter valued at $306,000. Diversify Wealth Management LLC acquired a new position in shares of MakeMyTrip in the 1st quarter valued at $1,063,000. Finally, Steadview Capital Management LLC increased its position in shares of MakeMyTrip by 205.8% in the 1st quarter. Steadview Capital Management LLC now owns 159,000 shares of the technology company's stock valued at $15,580,000 after acquiring an additional 107,000 shares during the period. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Price Performance

Shares of MMYT stock traded up $0.62 during trading hours on Friday, hitting $96.09. The company's stock had a trading volume of 1,216,876 shares, compared to its average volume of 836,286. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 115.77 and a beta of 0.85. The business has a fifty day moving average of $98.41 and a 200-day moving average of $101.08. MakeMyTrip Limited has a twelve month low of $76.95 and a twelve month high of $123.00.

Analyst Upgrades and Downgrades

MMYT has been the topic of several recent analyst reports. 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 research note on Tuesday, June 24th. 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 note 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 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.