Matthews International Capital Management LLC cut its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 43.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,980 shares of the technology company's stock after selling 104,771 shares during the quarter. MakeMyTrip comprises approximately 2.8% of Matthews International Capital Management LLC's portfolio, making the stock its 14th biggest position. Matthews International Capital Management LLC owned approximately 0.12% of MakeMyTrip worth $13,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of MMYT. Norges Bank purchased a new stake in MakeMyTrip during the 4th quarter valued at $97,833,000. GQG Partners LLC purchased a new stake in shares of MakeMyTrip during the fourth quarter valued at $60,465,000. Martin Currie Ltd. bought a new stake in MakeMyTrip in the 4th quarter worth about $45,966,000. Bank of New York Mellon Corp increased its holdings in MakeMyTrip by 939.1% in the 4th quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company's stock worth $36,959,000 after buying an additional 297,493 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new position in MakeMyTrip in the 4th quarter worth about $28,241,000. Hedge funds and other institutional investors own 51.89% of the company's stock.
MakeMyTrip Stock Performance
MakeMyTrip stock traded up $2.94 during trading on Thursday, reaching $94.43. The company had a trading volume of 13,204,717 shares, compared to its average volume of 778,535. The firm's 50-day simple moving average is $102.59 and its 200 day simple moving average is $104.46. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 113.77 and a beta of 0.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01. MakeMyTrip Limited has a 52 week low of $76.95 and a 52 week high of $123.00.
Analyst Ratings Changes
A number of analysts have recently commented on MMYT shares. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Citigroup increased their price target on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 15th.
Read Our Latest Analysis on MakeMyTrip
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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