Handelsbanken Fonder AB acquired a new position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,000 shares of the technology company's stock, valued at approximately $705,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates bought a new stake in shares of MakeMyTrip in the 4th quarter valued at about $733,000. SG Americas Securities LLC grew its holdings in shares of MakeMyTrip by 478.2% in the fourth quarter. SG Americas Securities LLC now owns 51,682 shares of the technology company's stock worth $2,428,000 after purchasing an additional 42,744 shares during the last quarter. Blue Trust Inc. increased its stake in shares of MakeMyTrip by 12.3% in the fourth quarter. Blue Trust Inc. now owns 7,055 shares of the technology company's stock worth $331,000 after buying an additional 774 shares during the period. Artisan Partners Limited Partnership bought a new stake in MakeMyTrip during the 3rd quarter valued at $84,983,000. Finally, American Century Companies Inc. purchased a new stake in MakeMyTrip during the 3rd quarter valued at $22,602,000. 51.89% of the stock is currently owned by hedge funds and other institutional investors.
MakeMyTrip Trading Down 2.3 %
NASDAQ:MMYT traded down $1.56 during trading hours on Tuesday, hitting $66.21. The company had a trading volume of 2,017,933 shares, compared to its average volume of 778,680. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a 50-day moving average price of $65.15 and a 200 day moving average price of $52.95. The company has a market capitalization of $7.03 billion, a PE ratio of 143.93 and a beta of 1.23. MakeMyTrip Limited has a 52 week low of $23.28 and a 52 week high of $77.30.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on MMYT shares. Macquarie cut shares of MakeMyTrip from an "outperform" rating to a "neutral" rating and boosted their price objective for the company from $50.00 to $60.00 in a research report on Wednesday, February 21st. StockNews.com upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a report on Wednesday, January 24th.
Read Our Latest Analysis on MakeMyTrip
About MakeMyTrip
(
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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