191,209 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Purchased by Ninety One North America Inc.

Ninety One North America Inc. purchased a new stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 191,209 shares of the technology company's stock, valued at approximately $18,737,000. Ninety One North America Inc. owned approximately 0.17% of MakeMyTrip at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC raised its stake in MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after buying an additional 111 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in MakeMyTrip by 3.3% in the fourth quarter. OneDigital Investment Advisors LLC now owns 4,419 shares of the technology company's stock valued at $496,000 after buying an additional 142 shares in the last quarter. Gen Wealth Partners Inc raised its stake in 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 buying an additional 165 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in MakeMyTrip by 5.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,638 shares of the technology company's stock valued at $454,000 after buying an additional 241 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in MakeMyTrip by 1,014.9% in the first quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after buying an additional 477 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Stock Performance

Shares of MMYT traded down $1.09 during midday trading on Tuesday, reaching $94.56. 745,090 shares of the stock were exchanged, compared to its average volume of 828,218. The business's 50-day moving average price is $100.85 and its 200 day moving average price is $102.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.85. MakeMyTrip Limited has a twelve month low of $76.95 and a twelve month high of $123.00. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 113.93 and a beta of 0.85.

Analysts Set New Price Targets

A number of research firms have weighed in on MMYT. Wall Street Zen upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Macquarie upgraded MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price target on the stock in a research note on Tuesday, June 24th. Finally, Citigroup raised their price target on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research note 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.