PDT Partners LLC bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,330 shares of the technology company's stock, valued at approximately $2,732,000.
Several other institutional investors have also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC boosted its holdings in MakeMyTrip by 248.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 29,110 shares of the technology company's stock valued at $3,268,000 after acquiring an additional 20,747 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of MakeMyTrip by 13.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 717,751 shares of the technology company's stock valued at $80,589,000 after purchasing an additional 85,689 shares during the period. Aquatic Capital Management LLC grew its holdings in shares of MakeMyTrip by 119.0% in the fourth quarter. Aquatic Capital Management LLC now owns 41,165 shares of the technology company's stock worth $4,622,000 after purchasing an additional 22,365 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of MakeMyTrip in the fourth quarter worth about $764,000. Finally, New Vernon Capital Holdings II LLC increased its stake in MakeMyTrip by 56.8% in the 4th quarter. New Vernon Capital Holdings II LLC now owns 52,488 shares of the technology company's stock worth $5,893,000 after buying an additional 19,011 shares during the period. Institutional investors own 51.89% of the company's stock.
MakeMyTrip Stock Up 4.6 %
Shares of MMYT stock traded up $4.96 during mid-day trading on Friday, hitting $112.50. The stock had a trading volume of 806,521 shares, compared to its average volume of 715,468. The firm has a market capitalization of $12.35 billion, a P/E ratio of 61.14, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. MakeMyTrip Limited has a 12-month low of $69.81 and a 12-month high of $123.00. The firm's 50-day moving average is $98.33 and its two-hundred day moving average is $105.14.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Friday, January 24th.
View Our Latest Stock Analysis on MMYT
MakeMyTrip 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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