Polar Capital Holdings Plc Cuts Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Polar Capital Holdings Plc lowered its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 910,314 shares of the technology company's stock after selling 77,726 shares during the quarter. Polar Capital Holdings Plc owned 0.83% of MakeMyTrip worth $102,210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of MMYT. USA Financial Formulas bought a new position in MakeMyTrip during the fourth quarter valued at $35,000. Steward Partners Investment Advisory LLC raised its stake in shares of MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after acquiring an additional 111 shares during the period. Signaturefd LLC purchased a new stake in shares of MakeMyTrip in the fourth quarter valued at $74,000. Gen Wealth Partners Inc raised its stake in shares of MakeMyTrip by 29.5% in the fourth quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company's stock valued at $81,000 after acquiring an additional 165 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of MakeMyTrip in the fourth quarter valued at $99,000. Institutional investors own 51.89% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MMYT shares. Citigroup raised their price target on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. StockNews.com raised shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.

MakeMyTrip Trading Down 1.7%

MMYT stock traded down $1.78 during trading on Tuesday, hitting $103.03. The company had a trading volume of 101,683 shares, compared to its average volume of 719,598. The firm has a market capitalization of $11.31 billion, a P/E ratio of 55.99, a PEG ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a 52-week low of $72.55 and a 52-week high of $123.00. The company has a 50 day simple moving average of $101.52 and a 200-day simple moving average of $105.42. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19.

About MakeMyTrip

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.