LGT Fund Management Co Ltd. bought a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,000 shares of the technology company's stock, valued at approximately $517,000.
Several other large investors also recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in MakeMyTrip during the third quarter worth $362,000. Calamos Wealth Management LLC purchased a new stake in shares of MakeMyTrip during the third quarter worth $1,202,000. Vestmark Advisory Solutions Inc. purchased a new stake in shares of MakeMyTrip during the third quarter worth $288,000. New York State Common Retirement Fund boosted its stake in MakeMyTrip by 5.2% during the third quarter. New York State Common Retirement Fund now owns 497,487 shares of the technology company's stock worth $20,158,000 after buying an additional 24,556 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its position in shares of MakeMyTrip by 42.8% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 26,290 shares of the technology company's stock worth $1,065,000 after purchasing an additional 7,885 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.
Wall Street Analysts Forecast Growth
MMYT has been the topic of several analyst reports. StockNews.com raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a report on Wednesday, January 24th. Macquarie cut shares of MakeMyTrip from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from $50.00 to $60.00 in a report on Wednesday, February 21st.
Check Out Our Latest Research Report on MakeMyTrip
MakeMyTrip Stock Performance
NASDAQ:MMYT traded up $2.95 during midday trading on Thursday, reaching $70.47. The stock had a trading volume of 636,255 shares, compared to its average volume of 774,416. 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 stock has a market cap of $7.48 billion, a P/E ratio of 150.11 and a beta of 1.26. The firm has a fifty day simple moving average of $65.35 and a two-hundred day simple moving average of $53.06. MakeMyTrip Limited has a 12-month low of $24.18 and a 12-month high of $77.30.
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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