Federated Hermes Inc. purchased a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,547 shares of the technology company's stock, valued at approximately $636,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of MakeMyTrip in the 3rd quarter valued at about $362,000. Calamos Wealth Management LLC bought a new stake in MakeMyTrip in the third quarter valued at approximately $1,202,000. Vestmark Advisory Solutions Inc. acquired a new stake in MakeMyTrip during the 3rd quarter valued at approximately $288,000. New York State Common Retirement Fund raised its holdings in MakeMyTrip by 5.2% during the 3rd quarter. New York State Common Retirement Fund now owns 497,487 shares of the technology company's stock worth $20,158,000 after purchasing an additional 24,556 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its position in shares of MakeMyTrip by 42.8% in the 3rd 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 during the period. Institutional investors and hedge funds own 51.89% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on MMYT shares. StockNews.com raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Wednesday, January 24th. Macquarie downgraded 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 note on Wednesday, February 21st.
Get Our Latest Stock Report on MMYT
MakeMyTrip Stock Up 2.7 %
NASDAQ MMYT traded up $1.92 on Friday, hitting $72.39. 800,166 shares of the company were exchanged, compared to its average volume of 774,716. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02. The company has a market cap of $7.68 billion, a PE ratio of 153.20 and a beta of 1.26. The stock has a fifty day moving average of $65.59 and a 200-day moving average of $53.18. 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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