Schonfeld Strategic Advisors LLC increased its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 248.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 29,110 shares of the technology company's stock after buying an additional 20,747 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in MakeMyTrip were worth $3,268,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of MMYT. Tidal Investments LLC raised its holdings in shares of MakeMyTrip by 5.9% during the third quarter. Tidal Investments LLC now owns 39,981 shares of the technology company's stock valued at $3,716,000 after purchasing an additional 2,221 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in MakeMyTrip in the 3rd quarter worth approximately $1,134,000. Redhawk Wealth Advisors Inc. purchased a new stake in MakeMyTrip during the 4th quarter valued at $1,143,000. USA Financial Formulas bought a new position in shares of MakeMyTrip during the 4th quarter valued at $35,000. Finally, SeaTown Holdings Pte. Ltd. bought a new stake in shares of MakeMyTrip in the fourth quarter worth $11,258,000. Hedge funds and other institutional investors own 51.89% of the company's stock.
MakeMyTrip Stock Performance
Shares of MMYT stock traded down $0.46 during mid-day trading on Wednesday, reaching $112.04. 844,742 shares of the company's stock traded hands, compared to its average volume of 715,601. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a market capitalization of $12.30 billion, a PE ratio of 60.89, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a 12 month low of $69.81 and a 12 month high of $123.00. The firm has a 50 day moving average price of $99.12 and a two-hundred day moving average price of $105.29.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a 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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