UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,860 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,050 shares of the technology company's stock after selling 3,860 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in MakeMyTrip were worth $1,690,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Squarepoint Ops LLC boosted its holdings in MakeMyTrip by 103.1% during the fourth quarter. Squarepoint Ops LLC now owns 6,105 shares of the technology company's stock worth $685,000 after buying an additional 3,099 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of MakeMyTrip by 100.2% in the fourth quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company's stock worth $11,372,000 after buying an additional 50,689 shares during the period. Handelsbanken Fonder AB increased its position in shares of MakeMyTrip by 9.2% in the fourth quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company's stock worth $5,044,000 after acquiring an additional 3,800 shares in the last quarter. Norges Bank acquired a new stake in shares of MakeMyTrip during the fourth quarter valued at approximately $97,833,000. Finally, Prudential PLC lifted its position in shares of 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 acquiring an additional 4,470 shares in the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.

MakeMyTrip Stock Up 1.7%

Shares of MakeMyTrip stock traded up $1.65 during trading on Thursday, hitting $100.42. 559,805 shares of the stock traded hands, compared to its average volume of 698,415. The stock has a market cap of $11.02 billion, a P/E ratio of 54.58, a PEG ratio of 6.56 and a beta of 0.88. The company has a fifty day moving average price of $102.14 and a two-hundred day moving average price of $105.02. MakeMyTrip Limited has a twelve month low of $74.50 and a twelve month high of $123.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88.

Analysts Set New Price Targets

Several analysts have issued reports on MMYT shares. Citigroup boosted their target price on shares of MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.

About MakeMyTrip

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.