Virtus Fund Advisers LLC Trims Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Virtus Fund Advisers LLC lessened its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 23.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,279 shares of the technology company's stock after selling 6,676 shares during the quarter. MakeMyTrip makes up about 7.4% of Virtus Fund Advisers LLC's holdings, making the stock its 4th largest position. Virtus Fund Advisers LLC's holdings in MakeMyTrip were worth $2,389,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after purchasing an additional 111 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in MakeMyTrip by 3.3% during the fourth quarter. OneDigital Investment Advisors LLC now owns 4,419 shares of the technology company's stock worth $496,000 after purchasing an additional 142 shares during the last quarter. Gen Wealth Partners Inc increased its position in MakeMyTrip by 29.5% during the fourth quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock worth $81,000 after purchasing an additional 165 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of MakeMyTrip by 1.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company's stock worth $3,887,000 after acquiring an additional 400 shares in the last quarter. Finally, Csenge Advisory Group increased its position in shares of MakeMyTrip by 11.3% in the fourth quarter. Csenge Advisory Group now owns 4,159 shares of the technology company's stock worth $467,000 after acquiring an additional 421 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Trading Up 2.6%

Shares of MMYT traded up $2.64 during midday trading on Friday, hitting $103.37. The stock had a trading volume of 357,389 shares, compared to its average volume of 708,956. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The firm has a market cap of $11.35 billion, a P/E ratio of 56.18, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92. The business has a 50-day simple moving average of $102.13 and a two-hundred day simple moving average of $105.40. MakeMyTrip Limited has a fifty-two week low of $72.55 and a fifty-two week high of $123.00.

Analyst Ratings Changes

MMYT has been the subject of several analyst reports. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Citigroup raised their price target 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.

MakeMyTrip Company 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.