Tower Research Capital LLC TRC cut its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 70.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,454 shares of the technology company's stock after selling 3,389 shares during the quarter. Tower Research Capital LLC TRC's holdings in MakeMyTrip were worth $163,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in MMYT. First Trust Advisors LP grew its holdings in MakeMyTrip by 19.5% during the fourth quarter. First Trust Advisors LP now owns 4,807 shares of the technology company's stock valued at $540,000 after purchasing an additional 784 shares during the last quarter. Wasatch Advisors LP grew its stake in MakeMyTrip by 11.6% in the 4th quarter. Wasatch Advisors LP now owns 534,342 shares of the technology company's stock valued at $59,996,000 after buying an additional 55,361 shares during the last quarter. Causeway Capital Management LLC raised its holdings in MakeMyTrip by 1.6% in the 4th quarter. Causeway Capital Management LLC now owns 84,661 shares of the technology company's stock worth $9,506,000 after acquiring an additional 1,348 shares during the period. CreativeOne Wealth LLC lifted its position in MakeMyTrip by 207.4% during the 4th quarter. CreativeOne Wealth LLC now owns 9,302 shares of the technology company's stock worth $1,044,000 after acquiring an additional 6,276 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in MakeMyTrip during the fourth quarter valued at about $1,605,000. 51.89% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th.
Read Our Latest Stock Analysis on MakeMyTrip
MakeMyTrip Stock Performance
MakeMyTrip stock traded up $0.79 during mid-day trading on Friday, reaching $97.92. The company had a trading volume of 1,312,472 shares, compared to its average volume of 724,395. The company has a 50 day moving average of $99.57 and a 200-day moving average of $105.25. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 53.22, a PEG ratio of 6.56 and a beta of 0.92. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 52 week low of $72.55 and a 52 week high of $123.00.
MakeMyTrip Company Profile
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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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