New York State Common Retirement Fund cut its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 376,421 shares of the technology company's stock after selling 121,066 shares during the period. New York State Common Retirement Fund owned approximately 0.35% of MakeMyTrip worth $17,684,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Handelsbanken Fonder AB acquired a new position in shares of MakeMyTrip in the fourth quarter valued at approximately $705,000. Calamos Wealth Management LLC lifted its stake in MakeMyTrip by 51.3% in the fourth quarter. Calamos Wealth Management LLC now owns 44,885 shares of the technology company's stock worth $2,109,000 after acquiring an additional 15,217 shares during the last quarter. Federated Hermes Inc. purchased a new position in MakeMyTrip in the fourth quarter worth approximately $636,000. Helios Capital Management PTE. Ltd. purchased a new position in MakeMyTrip in the fourth quarter worth approximately $1,644,000. Finally, Baillie Gifford & Co. lifted its stake in MakeMyTrip by 0.4% in the fourth quarter. Baillie Gifford & Co. now owns 2,284,324 shares of the technology company's stock worth $107,318,000 after acquiring an additional 10,099 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on MMYT. StockNews.com raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Wednesday, January 24th. Macquarie lowered shares of MakeMyTrip from an "outperform" rating to a "neutral" rating and upped their target price for the company from $50.00 to $60.00 in a report on Wednesday, February 21st.
Get Our Latest Analysis on MMYT
MakeMyTrip Trading Up 0.4 %
Shares of MMYT stock traded up $0.30 during trading hours on Monday, hitting $67.77. 299,752 shares of the company were exchanged, compared to its average volume of 763,568. The firm has a market cap of $7.19 billion, a PE ratio of 146.50 and a beta of 1.23. MakeMyTrip Limited has a 1 year low of $23.28 and a 1 year high of $77.30. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average of $64.84 and a 200 day moving average of $52.58.
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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