USS Investment Management Ltd Reduces Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

USS Investment Management Ltd decreased its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group increased its position in MakeMyTrip by 3.6% in the fourth quarter. Schroder Investment Management Group now owns 4,118,898 shares of the technology company's stock worth $462,470,000 after purchasing an additional 141,507 shares during the last quarter. FMR LLC raised its holdings in shares of MakeMyTrip by 4.3% in the fourth quarter. FMR LLC now owns 3,793,574 shares of the technology company's stock valued at $425,942,000 after acquiring an additional 158,101 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of MakeMyTrip by 0.9% in the fourth quarter. Franklin Resources Inc. now owns 1,503,980 shares of the technology company's stock valued at $168,867,000 after acquiring an additional 13,157 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of MakeMyTrip by 17.4% in the fourth quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock valued at $142,528,000 after acquiring an additional 188,234 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of MakeMyTrip by 3.9% during the 4th quarter. William Blair Investment Management LLC now owns 935,751 shares of the technology company's stock worth $105,066,000 after acquiring an additional 34,919 shares in the last quarter. Institutional investors own 51.89% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MMYT. Citigroup boosted their target price on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. StockNews.com upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.

MakeMyTrip Stock Down 0.6%

MMYT stock opened at $104.81 on Tuesday. The company's 50 day moving average is $101.52 and its two-hundred day moving average is $105.42. The stock has a market cap of $11.51 billion, a P/E ratio of 56.96, a PEG ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a twelve month low of $72.55 and a twelve month high of $123.00. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19.

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.

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