Palisades Investment Partners LLC increased its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 9.7% in the 4th quarter, according to its most recent disclosure 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 makes up approximately 6.1% of Palisades Investment Partners LLC's investment portfolio, making the stock its 4th largest position. Palisades Investment Partners LLC owned about 0.12% of MakeMyTrip worth $14,507,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its holdings in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after buying an additional 111 shares in the last quarter. Signaturefd LLC purchased a new stake in MakeMyTrip in the 4th quarter valued at $74,000. Gen Wealth Partners Inc grew its holdings in MakeMyTrip by 29.5% in the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock valued at $81,000 after buying an additional 165 shares in the last quarter. R Squared Ltd purchased a new stake in MakeMyTrip in the 4th quarter valued at $99,000. Finally, BOCHK Asset Management Ltd grew its holdings in MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock valued at $124,000 after buying an additional 800 shares in the last quarter. 51.89% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
MMYT has been the subject of several analyst reports. Wall Street Zen upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a 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 research note on Thursday, May 15th.
Get Our Latest Stock Analysis on MMYT
MakeMyTrip Stock Down 1.1%
Shares of MMYT traded down $1.17 during mid-day trading on Tuesday, reaching $102.20. The company's stock had a trading volume of 151,727 shares, compared to its average volume of 825,629. MakeMyTrip Limited has a 12-month low of $72.55 and a 12-month high of $123.00. The stock has a market cap of $11.22 billion, a PE ratio of 55.54, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The company's 50 day moving average is $102.19 and its 200 day moving average is $105.32.
About MakeMyTrip
(
Free Report)
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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