Massachusetts Financial Services Co. MA Has $73.79 Million Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Massachusetts Financial Services Co. MA decreased its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,570,748 shares of the technology company's stock after selling 317,833 shares during the period. Massachusetts Financial Services Co. MA owned 1.48% of MakeMyTrip worth $73,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MMYT. Harbour Capital Advisors LLC raised its holdings in shares of MakeMyTrip by 2.6% during the 4th quarter. Harbour Capital Advisors LLC now owns 17,845 shares of the technology company's stock valued at $824,000 after purchasing an additional 447 shares in the last quarter. Liontrust Investment Partners LLP lifted its position in shares of MakeMyTrip by 2.3% in the third quarter. Liontrust Investment Partners LLP now owns 30,509 shares of the technology company's stock worth $1,236,000 after buying an additional 695 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of MakeMyTrip by 12.3% during the 4th quarter. Blue Trust Inc. now owns 7,055 shares of the technology company's stock worth $331,000 after acquiring an additional 774 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of MakeMyTrip by 4.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 20,490 shares of the technology company's stock worth $963,000 after acquiring an additional 799 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in shares of MakeMyTrip during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Stock Performance

Shares of NASDAQ MMYT traded up $1.77 during trading hours on Friday, hitting $86.50. 687,001 shares of the company's stock were exchanged, compared to its average volume of 779,426. The company's 50-day moving average price is $68.97 and its 200-day moving average price is $55.77. MakeMyTrip Limited has a 1-year low of $25.74 and a 1-year high of $88.56. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 51.79 and a beta of 1.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53.

Analysts Set New Price Targets

Several research firms recently weighed in on MMYT. StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Thursday. Macquarie downgraded shares of MakeMyTrip from an "outperform" rating to a "neutral" rating and upped their price objective for the stock from $50.00 to $60.00 in a report 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.