131,500 Shares in MakeMyTrip Limited (NASDAQ:MMYT) Purchased by Segantii Capital Management Ltd

Segantii Capital Management Ltd acquired a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 131,500 shares of the technology company's stock, valued at approximately $6,178,000. Segantii Capital Management Ltd owned 0.12% of MakeMyTrip as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MMYT. Banque Cantonale Vaudoise lifted its stake in MakeMyTrip by 449.8% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,398 shares of the technology company's stock valued at $138,000 after buying an additional 2,780 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in shares of MakeMyTrip in the fourth quarter worth approximately $298,000. Blue Trust Inc. increased its position in shares of MakeMyTrip by 12.3% during the fourth quarter. Blue Trust Inc. now owns 7,055 shares of the technology company's stock worth $331,000 after purchasing an additional 774 shares in the last quarter. NewEdge Wealth LLC acquired a new position in MakeMyTrip in the 3rd quarter valued at $288,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in MakeMyTrip in the 3rd quarter valued at $288,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Trading Up 2.6 %

NASDAQ:MMYT traded up $1.92 during trading hours on Thursday, hitting $74.60. The company had a trading volume of 937,157 shares, compared to its average volume of 770,921. MakeMyTrip Limited has a 1 year low of $25.08 and a 1 year high of $77.30. 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 50-day moving average of $67.04 and a 200 day moving average of $54.31. The company has a market cap of $7.92 billion, a P/E ratio of 162.17 and a beta of 1.26.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. 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 upped their price objective for the company from $50.00 to $60.00 in a research note on Wednesday, February 21st.

MakeMyTrip 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.