The Manufacturers Life Insurance Company increased its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 11.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 800,033 shares of the technology company's stock after acquiring an additional 82,282 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.73% of MakeMyTrip worth $78,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in MakeMyTrip by 9,724.0% during 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 purchasing an additional 23,886,735 shares in the last quarter. Baillie Gifford & Co. grew its holdings in MakeMyTrip by 40.0% during the 1st quarter. Baillie Gifford & Co. now owns 5,155,202 shares of the technology company's stock worth $505,158,000 after acquiring an additional 1,471,660 shares in the last quarter. GQG Partners LLC increased its position in shares of MakeMyTrip by 273.2% in the 1st quarter. GQG Partners LLC now owns 2,009,506 shares of the technology company's stock valued at $196,911,000 after purchasing an additional 1,470,985 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of MakeMyTrip by 5.2% in the 1st quarter. American Century Companies Inc. now owns 1,336,008 shares of the technology company's stock valued at $130,915,000 after purchasing an additional 66,614 shares in the last quarter. Finally, Ninety One UK Ltd lifted its holdings in MakeMyTrip by 1,586.6% during the 1st quarter. Ninety One UK Ltd now owns 772,853 shares of the technology company's stock worth $75,732,000 after buying an additional 727,030 shares during the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
MMYT has been the subject of several research reports. Wall Street Zen downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Citigroup lowered their target price on shares of MakeMyTrip from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, Macquarie upgraded shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a research report on Tuesday, June 24th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, MakeMyTrip has a consensus rating of "Buy" and an average target price of $120.00.
Get Our Latest Stock Report on MMYT
MakeMyTrip Stock Up 0.1%
Shares of NASDAQ MMYT traded up $0.09 during trading on Friday, reaching $100.18. 472,072 shares of the stock were exchanged, compared to its average volume of 1,009,130. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 18.35. MakeMyTrip Limited has a twelve month low of $81.84 and a twelve month high of $123.00. The business's 50-day moving average price is $97.09 and its 200 day moving average price is $98.68. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 116.83 and a beta of 0.87.
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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