Two Sigma Advisers LP Takes Position in MakeMyTrip Limited (NASDAQ:MMYT)

Two Sigma Advisers LP bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,400 shares of the technology company's stock, valued at approximately $3,413,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its holdings 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 buying an additional 111 shares during the period. Signaturefd LLC acquired a new stake in shares of MakeMyTrip during the 4th quarter valued at about $74,000. Gen Wealth Partners Inc increased its stake in MakeMyTrip by 29.5% in the fourth quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock valued at $81,000 after acquiring an additional 165 shares during the period. R Squared Ltd acquired a new position in MakeMyTrip in the fourth quarter worth about $99,000. Finally, BOCHK Asset Management Ltd raised its position in MakeMyTrip by 266.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company's stock worth $124,000 after purchasing an additional 800 shares in the last quarter. 51.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Citigroup lifted their price objective on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 15th.

MakeMyTrip Price Performance

MMYT stock traded down $0.28 during midday trading on Friday, reaching $101.73. 221,206 shares of the company's stock traded hands, compared to its average volume of 704,266. The company has a 50-day simple moving average of $102.11 and a two-hundred day simple moving average of $105.23. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 55.30, a PEG ratio of 6.56 and a beta of 0.92. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 1-year low of $72.55 and a 1-year high of $123.00.

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.