Sowell Financial Services LLC acquired a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,505 shares of the technology company's stock, valued at approximately $539,000.
A number of other hedge funds have also bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its holdings in shares of MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after buying an additional 111 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of MakeMyTrip by 1,014.9% during the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after acquiring an additional 477 shares during the period. Signaturefd LLC bought a new position in MakeMyTrip during the fourth quarter worth $74,000. Gen Wealth Partners Inc grew its holdings in MakeMyTrip by 29.5% in the fourth quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock worth $81,000 after purchasing an additional 165 shares during the period. Finally, Quadrant Capital Group LLC bought a new stake in MakeMyTrip in the fourth quarter valued at $125,000. Institutional investors own 51.89% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on MMYT shares. Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Citigroup increased their target price on MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 15th.
View Our Latest Research Report on MMYT
MakeMyTrip Stock Down 0.2%
Shares of NASDAQ:MMYT traded down $0.14 during midday trading on Monday, hitting $91.51. 2,031,655 shares of the company's stock were exchanged, compared to its average volume of 793,745. 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 12 month low of $76.95 and a 12 month high of $123.00. The company has a market cap of $10.18 billion, a PE ratio of 110.25 and a beta of 0.88. The stock has a 50 day moving average price of $102.47 and a 200-day moving average price of $103.97.
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.
Featured Articles
Before you consider MakeMyTrip, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MakeMyTrip wasn't on the list.
While MakeMyTrip currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
