Raymond James Financial Inc. purchased a new position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,297 shares of the technology company's stock, valued at approximately $1,605,000.
Several other institutional investors and hedge funds have also modified their holdings of MMYT. Steward Partners Investment Advisory LLC lifted its position in MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after purchasing an additional 111 shares in the last quarter. USA Financial Formulas bought a new stake in shares of MakeMyTrip during the 4th quarter valued at $35,000. Robeco Institutional Asset Management B.V. lifted its position in shares of MakeMyTrip by 1.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company's stock valued at $3,887,000 after acquiring an additional 400 shares in the last quarter. Csenge Advisory Group boosted its stake in MakeMyTrip by 11.3% in the 4th quarter. Csenge Advisory Group now owns 4,159 shares of the technology company's stock worth $467,000 after purchasing an additional 421 shares during the period. Finally, Bleakley Financial Group LLC grew its stake in MakeMyTrip by 17.7% during the fourth quarter. Bleakley Financial Group LLC now owns 3,272 shares of the technology company's stock valued at $367,000 after acquiring an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.
MakeMyTrip Trading Down 6.1 %
Shares of MMYT traded down $6.82 during midday trading on Thursday, hitting $105.22. The stock had a trading volume of 286,941 shares, compared to its average volume of 823,731. The stock's 50 day moving average is $99.43 and its 200 day moving average is $105.34. The firm has a market cap of $11.55 billion, a PE ratio of 57.19, 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 1 year low of $70.82 and a 1 year high of $123.00.
Analyst Ratings Changes
Separately, StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th.
View Our Latest Research Report on MMYT
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.
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