Russell Investments Group Ltd. Purchases 30,710 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Russell Investments Group Ltd. increased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 39.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,698 shares of the technology company's stock after acquiring an additional 30,710 shares during the period. Russell Investments Group Ltd. owned about 0.10% of MakeMyTrip worth $5,060,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Banque Cantonale Vaudoise boosted its holdings in shares of MakeMyTrip by 449.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,398 shares of the technology company's stock valued at $138,000 after acquiring an additional 2,780 shares in the last quarter. NewEdge Wealth LLC purchased a new position in shares of MakeMyTrip in the 3rd quarter worth approximately $288,000. Vestmark Advisory Solutions Inc. purchased a new position in shares of MakeMyTrip in the 3rd quarter worth approximately $288,000. Clough Capital Partners L P bought a new stake in shares of MakeMyTrip in the 3rd quarter worth approximately $290,000. Finally, CoreCap Advisors LLC bought a new stake in shares of MakeMyTrip in the 4th quarter worth approximately $298,000. Institutional investors own 51.89% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MMYT. Macquarie lowered shares of MakeMyTrip from an "outperform" rating to a "neutral" rating and upped their target price for the stock from $50.00 to $60.00 in a research report on Wednesday, February 21st. StockNews.com raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Wednesday, January 24th.

MakeMyTrip Stock Up 0.5 %

Shares of NASDAQ:MMYT traded up $0.40 during trading hours on Friday, hitting $75.00. The company's stock had a trading volume of 604,515 shares, compared to its average volume of 769,091. MakeMyTrip Limited has a 52 week low of $25.08 and a 52 week high of $77.30. 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 company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 163.04 and a beta of 1.26. The firm's fifty day moving average price is $67.30 and its 200 day moving average price is $54.57.

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.