MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Stake in MakeMyTrip Limited (NASDAQ:MMYT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,034 shares of the technology company's stock after selling 3,248 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in MakeMyTrip were worth $1,688,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MMYT. Steward Partners Investment Advisory LLC increased its position in shares of MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after purchasing an additional 111 shares during the last quarter. Signaturefd LLC acquired a new stake in shares of MakeMyTrip during the 4th quarter worth about $74,000. Gen Wealth Partners Inc increased its position 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 acquired a new stake in shares of MakeMyTrip during the 4th quarter worth about $99,000. Finally, BOCHK Asset Management Ltd increased its position 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 worth $124,000 after purchasing an additional 800 shares during the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.

MakeMyTrip Trading Down 2.4%

NASDAQ MMYT traded down $2.46 during trading on Tuesday, hitting $100.91. The stock had a trading volume of 487,305 shares, compared to its average volume of 708,059. The company has a market capitalization of $11.08 billion, a PE ratio of 54.84, a PEG ratio of 6.56 and a beta of 0.92. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $102.19 and a 200 day moving average price of $105.32. MakeMyTrip Limited has a twelve month low of $72.55 and a twelve month high of $123.00.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MMYT shares. Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Citigroup lifted their target price on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 15th.

About MakeMyTrip

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.