Lazard Asset Management LLC Has $37.20 Million Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

Lazard Asset Management LLC raised its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 38.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,320 shares of the technology company's stock after purchasing an additional 92,561 shares during the period. Lazard Asset Management LLC owned 0.30% of MakeMyTrip worth $37,200,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its stake in shares of MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after purchasing an additional 111 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of MakeMyTrip by 3.3% during the 4th 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 in the last quarter. Gen Wealth Partners Inc raised its stake in shares of MakeMyTrip by 29.5% during the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock worth $81,000 after purchasing an additional 165 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of MakeMyTrip during the 4th quarter worth about $35,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of MakeMyTrip by 1.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company's stock worth $3,887,000 after purchasing an additional 400 shares in the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MMYT. Citigroup increased their price objective on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday. StockNews.com raised MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday.

MakeMyTrip Stock Up 0.3%

Shares of NASDAQ MMYT traded up $0.27 during mid-day trading on Friday, reaching $105.44. 691,114 shares of the company traded hands, compared to its average volume of 723,167. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The stock has a market cap of $11.58 billion, a PE ratio of 57.30, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92. The company's fifty day moving average is $100.97 and its two-hundred day moving average is $105.34. MakeMyTrip Limited has a fifty-two week low of $72.55 and a fifty-two week high of $123.00.

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.