OPTIMAS CAPITAL Ltd Takes Position in MakeMyTrip Limited $MMYT

OPTIMAS CAPITAL Ltd purchased a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 40,550 shares of the technology company’s stock, valued at approximately $3,975,000. MakeMyTrip comprises 4.2% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 8th biggest position.

A number of other institutional investors have also recently bought and sold shares of MMYT. WPG Advisers LLC bought a new stake in shares of MakeMyTrip in the first quarter valued at $28,000. Twin Tree Management LP purchased a new position in shares of MakeMyTrip in the first quarter worth about $29,000. First Horizon Advisors Inc. bought a new stake in shares of MakeMyTrip in the second quarter valued at approximately $43,000. Stone House Investment Management LLC bought a new stake in MakeMyTrip during the 1st quarter valued at $49,000. Finally, Farther Finance Advisors LLC bought a new position in MakeMyTrip in the 2nd quarter worth about $50,000. Institutional investors own 51.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Weiss Ratings assumed coverage on shares of MakeMyTrip in a research report on Thursday, October 30th. They set a “hold (c)” rating for the company. Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. 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 has an average rating of “Moderate Buy” and an average target price of $120.00.

MakeMyTrip Stock Performance

Shares of NASDAQ:MMYT opened at $70.31 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 38.85. The company has a 50-day moving average price of $85.93 and a 200-day moving average price of $94.00. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 109.86 and a beta of 0.87. MakeMyTrip Limited has a 12 month low of $70.24 and a 12 month high of $123.00.

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.