Exchange Traded Concepts LLC grew its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT – Free Report) by 5.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 36,997 shares of the technology company’s stock after purchasing an additional 1,901 shares during the period. Exchange Traded Concepts LLC’s holdings in MakeMyTrip were worth $3,439,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Park Place Capital Corp purchased a new position in shares of MakeMyTrip during the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in MakeMyTrip by 163.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 535 shares of the technology company’s stock worth $35,000 after acquiring an additional 332 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of MakeMyTrip in the 2nd quarter worth $59,000. nVerses Capital LLC bought a new stake in shares of MakeMyTrip in the 2nd quarter worth $143,000. Finally, LRI Investments LLC purchased a new stake in shares of MakeMyTrip in the first quarter valued at about $149,000. 51.89% of the stock is owned by hedge funds and other institutional investors.
MakeMyTrip Stock Performance
Shares of MMYT stock opened at $100.99 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.77 and a current ratio of 2.78. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 60.47, a P/E/G ratio of 5.65 and a beta of 1.28. MakeMyTrip Limited has a 52 week low of $36.81 and a 52 week high of $110.49. The firm’s 50-day simple moving average is $97.08 and its two-hundred day simple moving average is $85.05.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on MMYT. Bank of America upped their price objective on shares of MakeMyTrip from $100.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Citigroup upped their target price on MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th.
Read Our Latest Analysis on MakeMyTrip
MakeMyTrip Company 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.
Read More
- Five stocks we like better than MakeMyTrip
- What Does a Stock Split Mean?
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- What are earnings reports?
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- 10 Best Airline Stocks to Buy
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
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 – Free Report).
Receive News & Ratings for MakeMyTrip Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MakeMyTrip and related companies with MarketBeat.com's FREE daily email newsletter.