Magnetar Financial LLC Buys Shares of 2,668 MakeMyTrip Limited $MMYT

Magnetar Financial LLC bought a new position in MakeMyTrip Limited (NASDAQ:MMYT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,668 shares of the technology company’s stock, valued at approximately $262,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WPG Advisers LLC acquired a new stake in MakeMyTrip during the 1st quarter worth $28,000. Twin Tree Management LP bought a new stake in shares of MakeMyTrip in the first quarter worth about $29,000. First Horizon Advisors Inc. acquired a new stake in shares of MakeMyTrip during the second quarter worth about $43,000. Stone House Investment Management LLC bought a new position in shares of MakeMyTrip during the 1st quarter valued at about $49,000. Finally, Farther Finance Advisors LLC bought a new position in shares of MakeMyTrip during the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

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

MakeMyTrip Trading Down 3.4%

NASDAQ:MMYT opened at $70.31 on Thursday. The company has a market cap of $7.82 billion, a P/E ratio of 109.86 and a beta of 0.87. MakeMyTrip Limited has a twelve month low of $70.24 and a twelve month high of $123.00. The business has a 50 day moving average price of $85.93 and a two-hundred day moving average price of $94.00. 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.