UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 20.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 15,050 shares of the technology company's stock after selling 3,860 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in MakeMyTrip were worth $1,690,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Squarepoint Ops LLC raised its position in MakeMyTrip by 103.1% during the fourth quarter. Squarepoint Ops LLC now owns 6,105 shares of the technology company's stock valued at $685,000 after purchasing an additional 3,099 shares in the last quarter. New York State Common Retirement Fund increased its stake in MakeMyTrip by 100.2% in the 4th quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company's stock valued at $11,372,000 after buying an additional 50,689 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of MakeMyTrip by 9.2% during the 4th quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company's stock worth $5,044,000 after purchasing an additional 3,800 shares during the last quarter. Norges Bank purchased a new position in MakeMyTrip in the 4th quarter valued at approximately $97,833,000. Finally, Prudential PLC boosted its holdings in MakeMyTrip by 70.8% in the 4th quarter. Prudential PLC now owns 10,787 shares of the technology company's stock valued at $1,211,000 after purchasing an additional 4,470 shares during the period. Institutional investors and hedge funds own 51.89% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Citigroup raised their price objective on shares of MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 15th.
Check Out Our Latest Report on MMYT
MakeMyTrip Stock Performance
Shares of MakeMyTrip stock remained flat at $98.77 on Wednesday. The company had a trading volume of 499,293 shares, compared to its average volume of 698,969. MakeMyTrip Limited has a 1 year low of $74.50 and a 1 year high of $123.00. The firm's 50-day moving average is $101.90 and its two-hundred day moving average is $105.06. 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 market cap of $10.84 billion, a P/E ratio of 53.68, a price-to-earnings-growth ratio of 6.56 and a beta of 0.88.
MakeMyTrip Company Profile
(
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.
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