MayTech Global Investments LLC Acquires 9,658 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

MayTech Global Investments LLC increased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 288,100 shares of the technology company's stock after acquiring an additional 9,658 shares during the quarter. MakeMyTrip comprises 3.8% of MayTech Global Investments LLC's portfolio, making the stock its 13th biggest holding. MayTech Global Investments LLC owned 0.26% of MakeMyTrip worth $32,348,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in MakeMyTrip during the fourth quarter worth approximately $35,000. Steward Partners Investment Advisory LLC increased its position in 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 buying an additional 111 shares during the period. Signaturefd LLC acquired a new stake in shares of MakeMyTrip during the fourth quarter worth $74,000. Gen Wealth Partners Inc boosted its position in shares of MakeMyTrip by 29.5% in the fourth quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock valued at $81,000 after acquiring an additional 165 shares during the period. Finally, R Squared Ltd acquired a new position in shares of MakeMyTrip in the fourth quarter valued at about $99,000. Institutional investors and hedge funds own 51.89% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, January 24th.

MakeMyTrip Stock Performance

NASDAQ MMYT opened at $103.73 on Tuesday. MakeMyTrip Limited has a fifty-two week low of $72.55 and a fifty-two week high of $123.00. The stock has a market cap of $11.39 billion, a PE ratio of 56.38, a PEG ratio of 6.56 and a beta of 0.92. 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 firm's fifty day moving average price is $99.81 and its two-hundred day moving average price is $105.31.

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.

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