MakeMyTrip Limited (NASDAQ:MMYT) Position Trimmed by NewSquare Capital LLC

NewSquare Capital LLC trimmed its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 99.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 692 shares of the technology company's stock after selling 67,998 shares during the quarter. NewSquare Capital LLC's holdings in MakeMyTrip were worth $68,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MMYT. Public Employees Retirement System of Ohio acquired a new position in shares of MakeMyTrip during the fourth quarter valued at $2,183,000. Squarepoint Ops LLC grew its position in MakeMyTrip by 103.1% in the 4th quarter. Squarepoint Ops LLC now owns 6,105 shares of the technology company's stock valued at $685,000 after buying an additional 3,099 shares in the last quarter. New York State Common Retirement Fund increased its stake in MakeMyTrip by 100.2% during the 4th quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company's stock valued at $11,372,000 after buying an additional 50,689 shares during the period. Handelsbanken Fonder AB increased its stake in MakeMyTrip by 9.2% during the 4th quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company's stock valued at $5,044,000 after buying an additional 3,800 shares during the period. Finally, Norges Bank bought a new stake in shares of MakeMyTrip during the 4th quarter worth about $97,833,000. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Price Performance

NASDAQ:MMYT traded down $0.92 during mid-day trading on Tuesday, reaching $98.77. 602,398 shares of the stock were exchanged, compared to its average volume of 700,289. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average price of $101.85 and a 200 day moving average price of $105.10. MakeMyTrip Limited has a 1-year low of $74.50 and a 1-year high of $123.00. The firm has a market capitalization of $10.84 billion, a PE ratio of 53.68, a PEG ratio of 6.56 and a beta of 0.88.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MMYT shares. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Citigroup upped 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.

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.