River Global Investors LLP lessened its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT – Free Report) by 43.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,657 shares of the technology company’s stock after selling 3,564 shares during the quarter. River Global Investors LLP’s holdings in MakeMyTrip were worth $523,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. USA Financial Formulas acquired a new position in shares of MakeMyTrip during the fourth quarter valued at approximately $35,000. Steward Partners Investment Advisory LLC increased its stake in shares of 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 acquiring an additional 111 shares during the period. Advisors Asset Management Inc. increased its stake in shares of MakeMyTrip by 100.9% during the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after acquiring an additional 225 shares during the period. R Squared Ltd acquired a new position in shares of MakeMyTrip during the fourth quarter valued at approximately $99,000. Finally, BOCHK Asset Management Ltd increased its stake in shares of MakeMyTrip by 266.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock valued at $124,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.
MakeMyTrip Trading Up 0.1 %
NASDAQ MMYT opened at $87.11 on Friday. MakeMyTrip Limited has a twelve month low of $59.51 and a twelve month high of $123.00. 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 stock has a market cap of $9.56 billion, a price-to-earnings ratio of 47.34, a PEG ratio of 6.56 and a beta of 1.36. The firm’s 50 day moving average price is $105.52 and its two-hundred day moving average price is $104.99.
Wall Street Analyst Weigh In
Several research firms have issued reports on MMYT. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Bank of America lifted their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, December 27th.
Check Out Our Latest Report on MakeMyTrip
MakeMyTrip Profile
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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