Palisades Investment Partners LLC Purchases 11,439 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Palisades Investment Partners LLC raised its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,205 shares of the technology company's stock after purchasing an additional 11,439 shares during the quarter. MakeMyTrip comprises 6.1% of Palisades Investment Partners LLC's portfolio, making the stock its 4th largest holding. Palisades Investment Partners LLC owned about 0.12% of MakeMyTrip worth $14,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MMYT. SG Americas Securities LLC acquired a new stake in shares of MakeMyTrip during the 4th quarter valued at $1,591,000. Janney Montgomery Scott LLC grew its stake in MakeMyTrip by 739.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 19,585 shares of the technology company's stock valued at $2,199,000 after purchasing an additional 17,251 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of MakeMyTrip by 15.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 42,784 shares of the technology company's stock worth $4,804,000 after buying an additional 5,787 shares during the last quarter. Blue Trust Inc. lifted its position in shares of MakeMyTrip by 4.6% in the fourth quarter. Blue Trust Inc. now owns 15,064 shares of the technology company's stock worth $1,691,000 after buying an additional 662 shares during the last quarter. Finally, Matthews International Capital Management LLC lifted its position in shares of MakeMyTrip by 6.2% in the fourth quarter. Matthews International Capital Management LLC now owns 240,751 shares of the technology company's stock worth $27,032,000 after buying an additional 13,952 shares during the last quarter. 51.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MMYT. Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Citigroup upped their price target on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 15th.

MakeMyTrip Price Performance

Shares of MMYT stock traded up $2.64 during trading hours on Friday, hitting $103.37. The company had a trading volume of 357,389 shares, compared to its average volume of 708,946. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 56.18, a PEG ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a 12 month low of $72.55 and a 12 month high of $123.00. The firm's fifty day moving average is $102.13 and its 200 day moving average is $105.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88.

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.