Squarepoint Ops LLC boosted its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 103.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,105 shares of the technology company's stock after buying 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 and hedge funds have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC raised its holdings in shares of MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after acquiring an additional 111 shares during the last quarter. Signaturefd LLC purchased a new stake in MakeMyTrip during the 4th quarter worth about $74,000. Gen Wealth Partners Inc raised its stake 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 purchasing an additional 165 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in MakeMyTrip in the 4th quarter valued at about $125,000. Finally, Cable Hill Partners LLC acquired a new stake in shares of MakeMyTrip during the 4th quarter worth about $225,000. Hedge funds and other institutional investors own 51.89% of the company's stock.
MakeMyTrip Trading Down 2.2%
NASDAQ:MMYT traded down $2.27 during mid-day trading on Thursday, reaching $99.96. The company's stock had a trading volume of 356,913 shares, compared to its average volume of 701,275. 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 stock has a market cap of $10.97 billion, a P/E ratio of 54.20, a P/E/G ratio of 6.56 and a beta of 0.92. The company's fifty day simple moving average is $101.82 and its two-hundred day simple moving average is $105.23. MakeMyTrip Limited has a twelve month low of $74.50 and a twelve month high of $123.00.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on MMYT. Citigroup boosted their price objective on shares of MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research report 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.
Read Our Latest Stock Analysis on MakeMyTrip
MakeMyTrip Profile
(
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.
Featured Articles
Before you consider MakeMyTrip, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MakeMyTrip wasn't on the list.
While MakeMyTrip currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
