Aquatic Capital Management LLC lifted its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 119.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,165 shares of the technology company's stock after acquiring an additional 22,365 shares during the period. Aquatic Capital Management LLC's holdings in MakeMyTrip were worth $4,622,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in MMYT. Schroder Investment Management Group raised 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 valued at $462,470,000 after purchasing an additional 141,507 shares during the period. FMR LLC raised its holdings in shares of MakeMyTrip by 4.3% during the 4th quarter. FMR LLC now owns 3,793,574 shares of the technology company's stock valued at $425,942,000 after buying an additional 158,101 shares during the period. Franklin Resources Inc. boosted its holdings in MakeMyTrip by 0.9% in the 4th quarter. Franklin Resources Inc. now owns 1,503,980 shares of the technology company's stock worth $168,867,000 after acquiring an additional 13,157 shares during the period. American Century Companies Inc. boosted its holdings in MakeMyTrip by 17.4% in the 4th quarter. American Century Companies Inc. now owns 1,269,394 shares of the technology company's stock worth $142,528,000 after acquiring an additional 188,234 shares during the period. Finally, William Blair Investment Management LLC grew its position in MakeMyTrip by 3.9% in the fourth quarter. William Blair Investment Management LLC now owns 935,751 shares of the technology company's stock valued at $105,066,000 after acquiring an additional 34,919 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th.
Read Our Latest Research Report on MMYT
MakeMyTrip Stock Up 4.6 %
Shares of NASDAQ:MMYT traded up $4.96 during trading on Friday, hitting $112.50. The company's stock had a trading volume of 806,521 shares, compared to its average volume of 715,468. The company has a market capitalization of $12.35 billion, a PE ratio of 61.14, a PEG ratio of 6.56 and a beta of 1.00. MakeMyTrip Limited has a fifty-two week low of $69.81 and a fifty-two week high of $123.00. 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's 50-day moving average price is $98.33 and its two-hundred day moving average price is $105.14.
MakeMyTrip Company 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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