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Man Group plc Buys Shares of 17,618 MakeMyTrip Limited (NASDAQ:MMYT)

MakeMyTrip logo with Computer and Technology background

Man Group plc purchased a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 17,618 shares of the technology company's stock, valued at approximately $1,978,000.

Other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its holdings in 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 buying an additional 111 shares during the last quarter. Signaturefd LLC bought a new stake in MakeMyTrip in the fourth quarter worth approximately $74,000. Gen Wealth Partners Inc increased its stake in shares of MakeMyTrip by 29.5% during the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock worth $81,000 after purchasing an additional 165 shares during the last quarter. R Squared Ltd bought a new position in shares of MakeMyTrip during the 4th quarter valued at $99,000. Finally, BOCHK Asset Management Ltd raised its holdings in shares of MakeMyTrip by 266.7% during the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock valued at $124,000 after purchasing an additional 800 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Stock Performance

Shares of NASDAQ MMYT traded down $2.46 during trading hours on Tuesday, hitting $100.91. 487,305 shares of the stock were exchanged, compared to its average volume of 708,059. MakeMyTrip Limited has a one year low of $72.55 and a one year high of $123.00. The company's 50 day moving average is $102.19 and its 200 day moving average is $105.32. 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 firm has a market capitalization of $11.08 billion, a P/E ratio of 54.84, a P/E/G ratio of 6.56 and a beta of 0.92.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup upped their price objective on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.

Read Our Latest Report on MMYT

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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Institutional Ownership by Quarter for MakeMyTrip (NASDAQ:MMYT)

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