Polar Capital Holdings Plc lowered its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 910,314 shares of the technology company's stock after selling 77,726 shares during the period. Polar Capital Holdings Plc owned approximately 0.83% of MakeMyTrip worth $102,210,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Rheos Capital Works Inc. lifted its holdings in shares of MakeMyTrip by 237.5% in the fourth quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company's stock valued at $15,158,000 after purchasing an additional 95,000 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of MakeMyTrip by 100.2% in the fourth quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company's stock valued at $11,372,000 after purchasing an additional 50,689 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of MakeMyTrip by 9.2% during the fourth quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company's stock worth $5,044,000 after acquiring an additional 3,800 shares in the last quarter. Norges Bank purchased a new stake in shares of MakeMyTrip during the fourth quarter worth $97,833,000. Finally, Prudential PLC raised its holdings in shares of MakeMyTrip by 70.8% during the fourth quarter. Prudential PLC now owns 10,787 shares of the technology company's stock worth $1,211,000 after acquiring an additional 4,470 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Citigroup increased their price objective on MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday. StockNews.com upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a report on Thursday.
Check Out Our Latest Stock Analysis on MakeMyTrip
MakeMyTrip Stock Up 0.3%
MakeMyTrip stock traded up $0.27 during mid-day trading on Friday, hitting $105.44. 691,114 shares of the company's stock were exchanged, compared to its average volume of 723,313. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The stock has a market cap of $11.58 billion, a P/E ratio of 57.30, a P/E/G ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a 1-year low of $72.55 and a 1-year high of $123.00. The stock has a 50 day moving average of $101.28 and a two-hundred day moving average of $105.39.
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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