Robeco Institutional Asset Management B.V. Trims Holdings in MakeMyTrip Limited $MMYT

Robeco Institutional Asset Management B.V. cut its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,298 shares of the technology company's stock after selling 2,678 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in MakeMyTrip were worth $2,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMYT. Mirae Asset Global Investments Co. Ltd. grew its position in shares of MakeMyTrip by 9,724.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,132,381 shares of the technology company's stock worth $2,364,732,000 after buying an additional 23,886,735 shares during the period. New Vernon Capital Holdings II LLC boosted its stake in MakeMyTrip by 9,699.0% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 5,143,299 shares of the technology company's stock worth $503,992,000 after purchasing an additional 5,090,811 shares in the last quarter. Baillie Gifford & Co. boosted its stake in MakeMyTrip by 40.0% in the 1st quarter. Baillie Gifford & Co. now owns 5,155,202 shares of the technology company's stock worth $505,158,000 after purchasing an additional 1,471,660 shares in the last quarter. GQG Partners LLC boosted its stake in MakeMyTrip by 273.2% in the 1st quarter. GQG Partners LLC now owns 2,009,506 shares of the technology company's stock worth $196,911,000 after purchasing an additional 1,470,985 shares in the last quarter. Finally, Ninety One UK Ltd boosted its stake in MakeMyTrip by 1,586.6% in the 1st quarter. Ninety One UK Ltd now owns 772,853 shares of the technology company's stock worth $75,732,000 after purchasing an additional 727,030 shares in the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MMYT has been the topic of a number of analyst reports. Citigroup dropped their price target on shares of MakeMyTrip from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Finally, Macquarie upgraded shares of 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. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, MakeMyTrip has a consensus rating of "Buy" and an average target price of $120.00.

MakeMyTrip Price Performance

MMYT opened at $94.05 on Wednesday. The company has a debt-to-equity ratio of 18.35, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $10.46 billion, a P/E ratio of 109.36 and a beta of 0.81. The company's 50-day simple moving average is $97.29 and its two-hundred day simple moving average is $99.00. MakeMyTrip Limited has a 52-week low of $81.84 and a 52-week high of $123.00.

MakeMyTrip 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.

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