MakeMyTrip Limited (NASDAQ:MMYT) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 9,724.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,132,381 shares of the technology company's stock after purchasing an additional 23,886,735 shares during the quarter. MakeMyTrip accounts for approximately 6.2% of Mirae Asset Global Investments Co. Ltd.'s portfolio, making the stock its 2nd biggest position. Mirae Asset Global Investments Co. Ltd. owned about 21.98% of MakeMyTrip worth $2,364,732,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its position in shares of MakeMyTrip by 41.4% during the fourth 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 in the last quarter. Parallel Advisors LLC grew its stake in shares of MakeMyTrip by 1,014.9% in the first quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock worth $51,000 after acquiring an additional 477 shares in the last quarter. Signaturefd LLC purchased a new stake in shares of MakeMyTrip during the fourth quarter worth $74,000. Gen Wealth Partners Inc raised its stake in shares of MakeMyTrip by 29.5% in the fourth quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock valued at $81,000 after acquiring an additional 165 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in MakeMyTrip in the first quarter valued at $107,000. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Stock Down 3.4%

MMYT traded down $3.29 on Tuesday, reaching $94.73. The company's stock had a trading volume of 1,611,000 shares, compared to its average volume of 821,343. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 114.13 and a beta of 0.88. MakeMyTrip Limited has a fifty-two week low of $76.95 and a fifty-two week high of $123.00. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $101.85 and a two-hundred day moving average of $103.07.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Macquarie raised MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Tuesday, June 24th. Wall Street Zen raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Citigroup lifted their price objective on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock 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.