M&T Bank Corp Sells 2,816 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

M&T Bank Corp lessened its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 28.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,115 shares of the technology company's stock after selling 2,816 shares during the quarter. M&T Bank Corp's holdings in MakeMyTrip were worth $697,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of MakeMyTrip by 9,724.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,132,381 shares of the technology company's stock valued at $2,364,732,000 after acquiring an additional 23,886,735 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of MakeMyTrip by 3.6% in the 4th quarter. Schroder Investment Management Group now owns 4,118,898 shares of the technology company's stock valued at $462,470,000 after acquiring an additional 141,507 shares during the last quarter. FMR LLC lifted its stake in shares of MakeMyTrip by 4.3% in the 4th quarter. FMR LLC now owns 3,793,574 shares of the technology company's stock valued at $425,942,000 after acquiring an additional 158,101 shares during the last quarter. Franklin Resources Inc. raised its position in MakeMyTrip by 0.9% during the 4th quarter. Franklin Resources Inc. now owns 1,503,980 shares of the technology company's stock worth $168,867,000 after purchasing an additional 13,157 shares during the last quarter. Finally, American Century Companies Inc. raised its position in MakeMyTrip by 17.4% during the 4th quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock worth $142,528,000 after purchasing an additional 188,234 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Trading Up 1.0%

Shares of MMYT stock traded up $0.99 during mid-day trading on Thursday, hitting $95.35. The company's stock had a trading volume of 457,288 shares, compared to its average volume of 1,025,801. The company's fifty day simple moving average is $98.48 and its 200-day simple moving average is $101.50. MakeMyTrip Limited has a 52 week low of $76.95 and a 52 week high of $123.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $10.61 billion, a PE ratio of 114.88 and a beta of 0.85.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Citigroup raised their target price on MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Macquarie raised MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Tuesday, June 24th. Finally, Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.

MakeMyTrip Company Profile

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.