New York State Common Retirement Fund reduced its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,590 shares of the technology company's stock after selling 50,689 shares during the period. New York State Common Retirement Fund's holdings in MakeMyTrip were worth $4,957,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of MakeMyTrip by 1,014.9% during the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after acquiring an additional 477 shares during the period. Signaturefd LLC acquired a new position in shares of MakeMyTrip during the 4th quarter valued at $74,000. Gen Wealth Partners Inc lifted its holdings in MakeMyTrip by 29.5% in the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock worth $81,000 after buying an additional 165 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of MakeMyTrip in the 1st quarter valued at about $107,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of MakeMyTrip in the 4th quarter valued at about $125,000. Hedge funds and other institutional investors own 51.89% of the company's stock.
MakeMyTrip Price Performance
Shares of MMYT traded up $0.46 during mid-day trading on Thursday, reaching $102.36. The company had a trading volume of 556,996 shares, compared to its average volume of 1,052,675. The company's 50 day simple moving average is $98.10 and its 200 day simple moving average is $100.95. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 118.99 and a beta of 0.85. MakeMyTrip Limited has a 1-year low of $76.95 and a 1-year 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.
Analyst Ratings Changes
MMYT has been the subject of several recent analyst reports. Macquarie upgraded shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a report on Tuesday, June 24th. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Citigroup reduced their price objective on shares of MakeMyTrip from $125.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday.
View Our Latest Stock Analysis 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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