NewSquare Capital LLC trimmed its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 99.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 692 shares of the technology company's stock after selling 67,998 shares during the period. NewSquare Capital LLC's holdings in MakeMyTrip were worth $68,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of MMYT. Public Employees Retirement System of Ohio acquired a new stake in MakeMyTrip in the 4th quarter valued at about $2,183,000. Squarepoint Ops LLC boosted its holdings in shares of MakeMyTrip by 103.1% during the fourth quarter. Squarepoint Ops LLC now owns 6,105 shares of the technology company's stock worth $685,000 after purchasing an additional 3,099 shares during the period. New York State Common Retirement Fund raised its position in MakeMyTrip by 100.2% during the fourth quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company's stock valued at $11,372,000 after acquiring an additional 50,689 shares in the last quarter. Handelsbanken Fonder AB raised its position in MakeMyTrip by 9.2% during the fourth quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company's stock valued at $5,044,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Norges Bank bought a new position in MakeMyTrip during the fourth quarter valued at approximately $97,833,000. Institutional investors own 51.89% of the company's stock.
MakeMyTrip Price Performance
Shares of NASDAQ:MMYT traded down $1.70 on Friday, hitting $98.72. The stock had a trading volume of 571,520 shares, compared to its average volume of 699,384. The firm's 50 day moving average price is $102.32 and its 200-day moving average price is $104.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. MakeMyTrip Limited has a twelve month low of $74.50 and a twelve month high of $123.00. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of 53.65, a price-to-earnings-growth ratio of 6.56 and a beta of 0.88.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Citigroup lifted their price target on shares of MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.
View Our Latest Report on MMYT
About MakeMyTrip
(
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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