Wellington Management Group LLP Has $80.47 Million Position in MakeMyTrip Limited (NASDAQ:MMYT)

Wellington Management Group LLP decreased its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 37.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 716,644 shares of the technology company's stock after selling 432,416 shares during the quarter. Wellington Management Group LLP owned 0.65% of MakeMyTrip worth $80,465,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in MakeMyTrip in the 4th quarter worth approximately $97,833,000. GQG Partners LLC purchased a new stake in MakeMyTrip in the fourth quarter worth $60,465,000. Martin Currie Ltd. bought a new position in shares of MakeMyTrip during the 4th quarter worth $45,966,000. Bank of New York Mellon Corp grew its position in shares of MakeMyTrip by 939.1% during the 4th quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company's stock worth $36,959,000 after buying an additional 297,493 shares in the last quarter. Finally, APG Asset Management N.V. bought a new position in shares of MakeMyTrip during the 4th quarter worth $28,241,000. 51.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on MMYT. Citigroup raised their price objective on MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.

MakeMyTrip Price Performance

Shares of MMYT traded up $1.60 during mid-day trading on Monday, hitting $103.23. The company's stock had a trading volume of 441,699 shares, compared to its average volume of 704,666. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $101.92 and a 200 day simple moving average of $105.28. The firm has a market capitalization of $11.33 billion, a P/E ratio of 56.10, a P/E/G ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a 1-year low of $72.55 and a 1-year high of $123.00.

MakeMyTrip 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.