C WorldWide Group Holding A S acquired a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 48,000 shares of the technology company’s stock, valued at approximately $2,255,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Banque Cantonale Vaudoise increased its stake in shares of MakeMyTrip by 449.8% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,398 shares of the technology company’s stock valued at $138,000 after acquiring an additional 2,780 shares during the last quarter. NewEdge Wealth LLC bought a new stake in shares of MakeMyTrip in the 3rd quarter valued at about $288,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of MakeMyTrip in the 3rd quarter valued at about $288,000. Clough Capital Partners L P bought a new stake in shares of MakeMyTrip in the 3rd quarter valued at about $290,000. Finally, CoreCap Advisors LLC bought a new stake in shares of MakeMyTrip in the 4th quarter valued at about $298,000. 51.89% of the stock is owned by institutional investors.
MakeMyTrip Stock Down 0.1 %
Shares of MMYT traded down $0.05 on Friday, hitting $67.47. The company’s stock had a trading volume of 632,044 shares, compared to its average volume of 786,164. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $64.84 and its 200-day moving average price is $52.44. MakeMyTrip Limited has a fifty-two week low of $22.62 and a fifty-two week high of $77.30. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 146.67 and a beta of 1.23.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on MMYT. StockNews.com raised MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Macquarie lowered MakeMyTrip from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $50.00 to $60.00 in a research report on Wednesday, February 21st.
Check Out Our Latest Report on MMYT
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.
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