Penserra Capital Management LLC decreased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 29.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,561 shares of the technology company's stock after selling 19,596 shares during the period. Penserra Capital Management LLC's holdings in MakeMyTrip were worth $4,659,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of MMYT. Steward Partners Investment Advisory LLC increased its position in MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after purchasing an additional 111 shares during the last quarter. Atria Investments Inc purchased a new stake in MakeMyTrip during the fourth quarter worth approximately $249,000. Raymond James Financial Inc. purchased a new stake in MakeMyTrip during the fourth quarter worth approximately $1,605,000. E Fund Management Co. Ltd. purchased a new stake in MakeMyTrip during the fourth quarter worth approximately $353,000. Finally, HighTower Advisors LLC grew its stake in MakeMyTrip by 57.8% during the fourth quarter. HighTower Advisors LLC now owns 72,186 shares of the technology company's stock worth $8,105,000 after buying an additional 26,431 shares during the period. Institutional investors and hedge funds own 51.89% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on MMYT. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Citigroup upped their target price on shares of MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Macquarie upgraded shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price objective on the stock in a research note on Tuesday, June 24th.
Get Our Latest Analysis on MakeMyTrip
MakeMyTrip Stock Down 0.8%
NASDAQ MMYT traded down $0.81 during trading hours on Tuesday, reaching $94.85. 180,143 shares of the company traded hands, compared to its average volume of 826,507. MakeMyTrip Limited has a 12 month low of $76.95 and a 12 month high of $123.00. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $10.55 billion, a PE ratio of 114.47 and a beta of 0.85. The company has a 50 day moving average of $100.85 and a two-hundred day moving average of $102.40.
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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