Man Group plc bought a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,618 shares of the technology company's stock, valued at approximately $1,978,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MMYT. SG Americas Securities LLC bought a new stake in MakeMyTrip during the 4th quarter worth approximately $1,591,000. Janney Montgomery Scott LLC raised its stake in MakeMyTrip by 739.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 19,585 shares of the technology company's stock worth $2,199,000 after acquiring an additional 17,251 shares during the period. Exchange Traded Concepts LLC raised its stake in MakeMyTrip by 15.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 42,784 shares of the technology company's stock worth $4,804,000 after acquiring an additional 5,787 shares during the period. Blue Trust Inc. raised its stake in MakeMyTrip by 4.6% during the 4th quarter. Blue Trust Inc. now owns 15,064 shares of the technology company's stock worth $1,691,000 after acquiring an additional 662 shares during the period. Finally, Matthews International Capital Management LLC raised its stake in MakeMyTrip by 6.2% during the 4th quarter. Matthews International Capital Management LLC now owns 240,751 shares of the technology company's stock worth $27,032,000 after acquiring an additional 13,952 shares during the period. Institutional investors own 51.89% of the company's stock.
MakeMyTrip Price Performance
Shares of MakeMyTrip stock traded down $0.23 on Thursday, hitting $100.86. 54,261 shares of the company traded hands, compared to its average volume of 704,054. The stock has a market capitalization of $11.07 billion, a P/E ratio of 54.81, 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 quick ratio of 2.88 and a current ratio of 2.88. MakeMyTrip Limited has a 52 week low of $72.55 and a 52 week high of $123.00. The business has a 50-day simple moving average of $102.21 and a 200 day simple moving average of $105.26.
Wall Street Analysts Forecast Growth
MMYT has been the topic of a number of recent analyst reports. Citigroup raised their target price on shares of 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 upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.
View Our Latest Report on MMYT
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.
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