USS Investment Management Ltd lessened its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 2.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 209,854 shares of the technology company's stock after selling 4,770 shares during the period. USS Investment Management Ltd owned 0.19% of MakeMyTrip worth $23,583,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in MMYT. SG Americas Securities LLC purchased a new stake in MakeMyTrip during the fourth quarter valued at about $1,591,000. Janney Montgomery Scott LLC raised its position in MakeMyTrip by 739.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 19,585 shares of the technology company's stock valued at $2,199,000 after purchasing an additional 17,251 shares in the last quarter. Exchange Traded Concepts LLC raised its position in MakeMyTrip by 15.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 42,784 shares of the technology company's stock valued at $4,804,000 after purchasing an additional 5,787 shares in the last quarter. Blue Trust Inc. raised its position in MakeMyTrip by 4.6% during the fourth quarter. Blue Trust Inc. now owns 15,064 shares of the technology company's stock valued at $1,691,000 after purchasing an additional 662 shares in the last quarter. Finally, Matthews International Capital Management LLC raised its position in MakeMyTrip by 6.2% during the fourth quarter. Matthews International Capital Management LLC now owns 240,751 shares of the technology company's stock valued at $27,032,000 after purchasing an additional 13,952 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.
MakeMyTrip Trading Up 2.6%
Shares of MMYT traded up $2.64 during trading hours on Friday, hitting $103.37. The company had a trading volume of 357,389 shares, compared to its average volume of 708,946. The firm has a market cap of $11.35 billion, a P/E ratio of 56.18, a P/E/G ratio of 6.56 and a beta of 0.92. The stock's 50 day moving average price is $102.13 and its 200 day moving average price is $105.34. 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 52-week low of $72.55 and a 52-week high of $123.00.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on MMYT shares. Citigroup lifted their price objective on MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday, May 15th.
Get Our Latest Analysis on MMYT
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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