Squarepoint Ops LLC raised its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 103.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,105 shares of the technology company's stock after purchasing an additional 3,099 shares during the quarter. Squarepoint Ops LLC's holdings in MakeMyTrip were worth $685,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of MMYT. Two Sigma Investments LP purchased a new position in shares of MakeMyTrip during the fourth quarter worth about $2,136,000. Two Sigma Advisers LP acquired a new stake in MakeMyTrip during the 4th quarter worth approximately $3,413,000. Tidal Investments LLC lifted its position in MakeMyTrip by 3.9% during the 4th quarter. Tidal Investments LLC now owns 41,537 shares of the technology company's stock worth $4,664,000 after acquiring an additional 1,556 shares during the period. State of Wyoming grew its stake in shares of MakeMyTrip by 149.0% in the 4th quarter. State of Wyoming now owns 2,475 shares of the technology company's stock valued at $278,000 after purchasing an additional 1,481 shares during the last quarter. Finally, Man Group plc purchased a new position in shares of MakeMyTrip in the 4th quarter valued at approximately $1,978,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently commented on MMYT. Citigroup upped their price target 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 shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.
View Our Latest Stock Report on MakeMyTrip
MakeMyTrip Stock Performance
MMYT traded up $0.43 during trading on Friday, reaching $100.49. The company's stock had a trading volume of 842,843 shares, compared to its average volume of 701,682. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The company's fifty day moving average price is $101.86 and its 200-day moving average price is $105.23. MakeMyTrip Limited has a 52-week low of $74.50 and a 52-week high of $123.00. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 54.61, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92.
MakeMyTrip Profile
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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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