Vanguard Personalized Indexing Management LLC Has $1.42 Million Holdings in MakeMyTrip Limited $MMYT

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in MakeMyTrip Limited by 54.3% during the second quarter, bringing its total to 14,486 shares valued at approximately $1.42 million.
• Institutional and hedge fund investors collectively own 51.89% of MakeMyTrip's stock, indicating strong institutional interest in the company.
• MakeMyTrip's current stock performance includes a one-year range with a low of $81.84 and a high of $123.00, reflecting significant volatility.

Vanguard Personalized Indexing Management LLC increased its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 54.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,486 shares of the technology company's stock after acquiring an additional 5,098 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in MakeMyTrip were worth $1,420,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MMYT. Rhumbline Advisers raised its holdings in shares of MakeMyTrip by 31.6% in the 1st quarter. Rhumbline Advisers now owns 2,768 shares of the technology company's stock worth $271,000 after acquiring an additional 664 shares during the last quarter. Sowell Financial Services LLC bought a new stake in MakeMyTrip in the 1st quarter worth about $539,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in MakeMyTrip in the 1st quarter worth about $107,000. Mirae Asset Global Investments Co. Ltd. grew its position in MakeMyTrip by 9,724.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,132,381 shares of the technology company's stock worth $2,364,732,000 after purchasing an additional 23,886,735 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in MakeMyTrip by 325.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 22,218 shares of the technology company's stock worth $2,202,000 after purchasing an additional 17,000 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Stock Up 0.9%

Shares of NASDAQ:MMYT opened at $89.02 on Friday. The firm has a fifty day moving average price of $96.94 and a two-hundred day moving average price of $98.33. The company has a debt-to-equity ratio of 18.35, a current ratio of 1.15 and a quick ratio of 1.15. MakeMyTrip Limited has a one year low of $81.84 and a one year high of $123.00. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 103.51 and a beta of 0.81.

Analyst Ratings Changes

MMYT has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on shares of MakeMyTrip from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Macquarie raised shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a report on Tuesday, June 24th. Finally, Wall Street Zen downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, MakeMyTrip currently has an average rating of "Buy" and an average target price of $120.00.

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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