Triasima Portfolio Management inc. Boosts Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Triasima Portfolio Management inc. lifted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 21.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,423 shares of the technology company's stock after purchasing an additional 4,301 shares during the quarter. Triasima Portfolio Management inc.'s holdings in MakeMyTrip were worth $2,393,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC raised its position in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after purchasing an additional 111 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of MakeMyTrip by 3.3% in the 4th quarter. OneDigital Investment Advisors LLC now owns 4,419 shares of the technology company's stock valued at $496,000 after purchasing an additional 142 shares during the last quarter. Gen Wealth Partners Inc grew its stake in shares of MakeMyTrip by 29.5% in the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock valued at $81,000 after purchasing an additional 165 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of MakeMyTrip by 5.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,638 shares of the technology company's stock valued at $454,000 after purchasing an additional 241 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of MakeMyTrip by 40.9% in the 1st quarter. Signaturefd LLC now owns 930 shares of the technology company's stock valued at $91,000 after buying an additional 270 shares during the period. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Trading Up 0.3%

Shares of NASDAQ:MMYT traded up $0.33 during midday trading on Friday, reaching $95.80. The company's stock had a trading volume of 287,563 shares, compared to its average volume of 834,008. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 115.22 and a beta of 0.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. MakeMyTrip Limited has a 1 year low of $76.95 and a 1 year high of $123.00. The business has a 50 day moving average price of $98.45 and a 200 day moving average price of $101.38.

Analyst Upgrades and Downgrades

MMYT has been the subject of several recent analyst reports. Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Citigroup lifted their price objective on MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Macquarie raised MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Tuesday, June 24th.

MakeMyTrip Company 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.