Two Sigma Investments LP purchased a new stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 19,023 shares of the technology company's stock, valued at approximately $2,136,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in MakeMyTrip by 739.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 19,585 shares of the technology company's stock valued at $2,199,000 after buying an additional 17,251 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of MakeMyTrip by 1.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company's stock worth $3,887,000 after acquiring an additional 400 shares during the period. Swedbank AB purchased a new position in MakeMyTrip in the 4th quarter valued at approximately $3,930,000. Rheos Capital Works Inc. raised its holdings in MakeMyTrip by 237.5% during the fourth quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company's stock worth $15,158,000 after purchasing an additional 95,000 shares during the last quarter. Finally, Ninety One UK Ltd boosted its position in MakeMyTrip by 741.1% during the fourth quarter. Ninety One UK Ltd now owns 45,823 shares of the technology company's stock worth $5,145,000 after purchasing an additional 40,375 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company's stock.
Analysts Set New Price Targets
Several research firms have weighed in on MMYT. Citigroup upped their target price on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Wall Street Zen raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.
Get Our Latest Stock Report on MMYT
MakeMyTrip Price Performance
Shares of MakeMyTrip stock traded down $2.17 during trading on Thursday, hitting $100.06. 630,233 shares of the company were exchanged, compared to its average volume of 700,878. MakeMyTrip Limited has a fifty-two week low of $74.50 and a fifty-two week high of $123.00. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $101.82 and a 200 day moving average price of $105.23. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 54.38, a P/E/G ratio of 6.56 and a beta of 0.92.
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
