Triglav Skladi D.O.O. Makes New Investment in MakeMyTrip Limited (NASDAQ:MMYT)

Key Points

• Triglav Skladi D.O.O. has invested $372,000 in MakeMyTrip Limited, acquiring 3,800 shares of the company during the first quarter.
• Several other institutional investors also boosted their positions in MakeMyTrip, with notable investments from Prudential PLC and LGT Group Foundation.
• Analyst ratings for MakeMyTrip vary, with Macquarie upgrading the stock to "outperform" while Citigroup and Wall Street Zen have revised their target prices and ratings downward.

Triglav Skladi D.O.O. bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,800 shares of the technology company's stock, valued at approximately $372,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stone House Investment Management LLC acquired a new stake in shares of MakeMyTrip during the first quarter worth about $49,000. Parallel Advisors LLC increased its position in MakeMyTrip by 1,014.9% during the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock worth $51,000 after purchasing an additional 477 shares during the period. Gen Wealth Partners Inc increased its position in MakeMyTrip by 29.5% during the 4th 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. Signaturefd LLC increased its position in MakeMyTrip by 40.9% during the 1st quarter. Signaturefd LLC now owns 930 shares of the technology company's stock worth $91,000 after purchasing an additional 270 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in MakeMyTrip during the 1st quarter worth approximately $107,000. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Stock Up 4.5%

NASDAQ MMYT traded up $4.29 during trading hours on Friday, hitting $98.61. The company had a trading volume of 1,300,762 shares, compared to its average volume of 1,127,058. MakeMyTrip Limited has a fifty-two week low of $81.84 and a fifty-two week high of $123.00. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 114.66 and a beta of 0.86. The company has a debt-to-equity ratio of 18.35, a current ratio of 1.15 and a quick ratio of 1.15. The firm's 50 day moving average is $95.90 and its 200 day moving average is $99.57.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Macquarie raised 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. Citigroup dropped their price objective on MakeMyTrip from $125.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd.

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.