Public Employees Retirement System of Ohio acquired a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 19,444 shares of the technology company's stock, valued at approximately $2,183,000.
Several other large investors also recently bought and sold shares of MMYT. Norges Bank purchased a new position in MakeMyTrip during the fourth quarter worth about $97,833,000. GQG Partners LLC purchased a new position in shares of MakeMyTrip during the 4th quarter worth approximately $60,465,000. Martin Currie Ltd. acquired a new stake in shares of MakeMyTrip during the fourth quarter valued at $45,966,000. Bank of New York Mellon Corp raised its position in shares of MakeMyTrip by 939.1% in the fourth quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company's stock valued at $36,959,000 after buying an additional 297,493 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new stake in shares of MakeMyTrip during the fourth quarter worth $28,241,000. Institutional investors and hedge funds own 51.89% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Citigroup increased their price target on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th.
Check Out Our Latest Research Report on MMYT
MakeMyTrip Stock Performance
Shares of NASDAQ MMYT traded down $0.60 during midday trading on Thursday, hitting $101.64. 128,143 shares of the company's stock were exchanged, compared to its average volume of 700,111. MakeMyTrip Limited has a twelve month low of $74.50 and a twelve month high of $123.00. The stock's 50 day moving average price is $101.82 and its 200-day moving average price is $105.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The firm has a market cap of $11.16 billion, a P/E ratio of 55.22, a PEG ratio of 6.56 and a beta of 0.92.
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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