Segantii Capital Management Ltd bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 167,000 shares of the technology company’s stock, valued at approximately $5,603,000. MakeMyTrip Limited comprises approximately 1.3% of Segantii Capital Management Ltd’s investment portfolio, making the stock its 16th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of MakeMyTrip Limited during the first quarter valued at approximately $202,000. Credit Suisse AG purchased a new position in shares of MakeMyTrip Limited during the first quarter valued at approximately $242,000. KCG Holdings Inc. purchased a new position in shares of MakeMyTrip Limited during the first quarter valued at approximately $280,000. Levin Capital Strategies L.P. purchased a new position in shares of MakeMyTrip Limited during the first quarter valued at approximately $311,000. Finally, Cadence Capital Management LLC purchased a new position in shares of MakeMyTrip Limited during the first quarter valued at approximately $368,000. Hedge funds and other institutional investors own 41.03% of the company’s stock.

MakeMyTrip Limited (NASDAQ:MMYT) opened at 32.05 on Thursday. The stock’s 50 day moving average is $32.76 and its 200 day moving average is $33.92. The company’s market cap is $3.24 billion. MakeMyTrip Limited has a 12-month low of $17.71 and a 12-month high of $40.90.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.watchlistnews.com/segantii-capital-management-ltd-takes-position-in-makemytrip-limited-mmyt/1470353.html.

Several brokerages recently commented on MMYT. Zacks Investment Research upgraded shares of MakeMyTrip Limited from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC downgraded shares of MakeMyTrip Limited from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a report on Thursday. TheStreet upgraded shares of MakeMyTrip Limited from a “d” rating to a “c-” rating in a report on Tuesday, July 25th. BidaskClub upgraded shares of MakeMyTrip Limited from a “sell” rating to a “hold” rating in a report on Saturday, June 24th. Finally, ValuEngine upgraded shares of MakeMyTrip Limited from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $32.30.

MakeMyTrip Limited Company Profile

MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.

Want to see what other hedge funds are holding MMYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MakeMyTrip Limited (NASDAQ:MMYT).

Institutional Ownership by Quarter for MakeMyTrip Limited (NASDAQ:MMYT)

Receive News & Ratings for MakeMyTrip Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MakeMyTrip Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.