Nebula Research & Development LLC purchased a new stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,086 shares of the technology company's stock, valued at approximately $796,000.
Several other institutional investors and hedge funds have also recently modified their holdings of MMYT. Virtu Financial LLC raised its holdings in shares of MakeMyTrip by 338.3% in the 3rd quarter. Virtu Financial LLC now owns 11,593 shares of the technology company's stock valued at $1,078,000 after acquiring an additional 8,948 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of MakeMyTrip by 5.9% during the 3rd quarter. Tidal Investments LLC now owns 39,981 shares of the technology company's stock valued at $3,716,000 after buying an additional 2,221 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of MakeMyTrip during the 3rd quarter valued at about $1,134,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of MakeMyTrip during the 4th quarter valued at about $1,143,000. Finally, USA Financial Formulas purchased a new position in shares of MakeMyTrip during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 51.89% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th.
View Our Latest Analysis on MMYT
MakeMyTrip Trading Down 0.4 %
Shares of MMYT stock traded down $0.43 during trading hours on Wednesday, reaching $104.82. The company's stock had a trading volume of 791,842 shares, compared to its average volume of 714,301. The stock has a market capitalization of $11.51 billion, a P/E ratio of 56.97, a P/E/G ratio of 6.56 and a beta of 1.00. MakeMyTrip Limited has a one year low of $65.54 and a one year high of $123.00. The firm's fifty day simple moving average is $97.65 and its 200 day simple moving average is $105.06. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19.
About MakeMyTrip
(
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.
See Also
Before you consider MakeMyTrip, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MakeMyTrip wasn't on the list.
While MakeMyTrip currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
