MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. decreased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,193 shares of the technology company's stock after selling 7,120 shares during the period. MakeMyTrip accounts for 1.1% of U S Global Investors Inc.'s portfolio, making the stock its 22nd largest position. U S Global Investors Inc. owned about 0.08% of MakeMyTrip worth $8,250,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its position in MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after purchasing an additional 111 shares during the last quarter. Parallel Advisors LLC increased its position in MakeMyTrip by 1,014.9% during the first 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 last quarter. Signaturefd LLC acquired a new position in MakeMyTrip during the fourth quarter worth approximately $74,000. Gen Wealth Partners Inc increased its position in MakeMyTrip by 29.5% during the fourth 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 last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in MakeMyTrip during the first quarter worth approximately $107,000. Institutional investors and hedge funds own 51.89% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MMYT. Wall Street Zen raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Citigroup boosted their price objective on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Macquarie upgraded shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a research note on Tuesday, June 24th.

MakeMyTrip Stock Performance

Shares of NASDAQ MMYT traded up $1.82 during midday trading on Friday, hitting $99.82. The company's stock had a trading volume of 1,412,465 shares, compared to its average volume of 814,567. The firm has a market cap of $11.11 billion, a P/E ratio of 120.27 and a beta of 0.88. MakeMyTrip Limited has a 1-year low of $76.95 and a 1-year high of $123.00. The firm's fifty day moving average price is $101.90 and its 200-day moving average price is $103.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.85 and a current ratio of 1.85.

MakeMyTrip 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.