Groupe la Francaise Raises Stock Position in MakeMyTrip Limited $MMYT

Groupe la Francaise boosted its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 27.7% during the second quarter, Holdings Channel.com reports. The fund owned 73,117 shares of the technology company’s stock after buying an additional 15,869 shares during the quarter. Groupe la Francaise’s holdings in MakeMyTrip were worth $7,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. WPG Advisers LLC purchased a new stake in shares of MakeMyTrip in the 1st quarter valued at $28,000. Twin Tree Management LP bought a new stake in MakeMyTrip in the first quarter valued at $29,000. First Horizon Advisors Inc. purchased a new position in shares of MakeMyTrip during the second quarter valued at about $43,000. Stone House Investment Management LLC purchased a new position in shares of MakeMyTrip during the 1st quarter worth approximately $49,000. Finally, Farther Finance Advisors LLC purchased a new stake in MakeMyTrip in the second quarter worth $50,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MMYT shares. Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings began coverage on shares of MakeMyTrip in a report on Thursday, October 30th. They set a “hold (c)” rating for the company. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

MakeMyTrip Stock Down 0.2%

MMYT opened at $72.36 on Wednesday. The firm has a 50-day simple moving average of $83.67 and a two-hundred day simple moving average of $92.97. MakeMyTrip Limited has a 52 week low of $70.10 and a 52 week high of $123.00. The company has a market capitalization of $8.05 billion, a PE ratio of 113.06 and a beta of 0.70. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 38.85.

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.