Wellington Management Group LLP reduced its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 20.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 566,833 shares of the technology company's stock after selling 149,811 shares during the period. Wellington Management Group LLP owned approximately 0.52% of MakeMyTrip worth $55,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. OneDigital Investment Advisors LLC boosted its stake in shares of MakeMyTrip by 3.3% in the 4th quarter. OneDigital Investment Advisors LLC now owns 4,419 shares of the technology company's stock worth $496,000 after buying an additional 142 shares during the last quarter. Gen Wealth Partners Inc boosted its stake in shares of MakeMyTrip by 29.5% in the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock worth $81,000 after buying an additional 165 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of MakeMyTrip by 5.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,638 shares of the technology company's stock worth $454,000 after buying an additional 241 shares during the last quarter. Signaturefd LLC boosted its stake in shares of MakeMyTrip by 40.9% in the 1st quarter. Signaturefd LLC now owns 930 shares of the technology company's stock worth $91,000 after buying an additional 270 shares during the last quarter. Finally, Haven Private LLC boosted its stake in shares of MakeMyTrip by 3.4% in the 1st quarter. Haven Private LLC now owns 8,776 shares of the technology company's stock worth $860,000 after buying an additional 286 shares during the last quarter. 51.89% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on MMYT. Citigroup reduced their price objective on MakeMyTrip from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen lowered MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, 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 research note on Tuesday, June 24th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, MakeMyTrip has an average rating of "Buy" and a consensus price target of $120.00.
Check Out Our Latest Stock Report on MakeMyTrip
MakeMyTrip Price Performance
MMYT traded down $2.38 during trading on Thursday, hitting $100.80. 339,572 shares of the company traded hands, compared to its average volume of 1,019,469. The company has a market cap of $11.21 billion, a PE ratio of 117.44 and a beta of 0.86. The stock's 50-day simple moving average is $96.54 and its two-hundred day simple moving average is $98.94. MakeMyTrip Limited has a 1 year low of $81.84 and a 1 year high of $123.00. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 18.35.
MakeMyTrip 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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