BOCHK Asset Management Ltd trimmed its position in shares of MakeMyTrip Limited (NASDAQ:MMYT – Free Report) by 50.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 300 shares of the technology company’s stock after selling 300 shares during the quarter. BOCHK Asset Management Ltd’s holdings in MakeMyTrip were worth $28,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC boosted its holdings in shares of MakeMyTrip by 0.9% during the 3rd quarter. Harbour Capital Advisors LLC now owns 20,280 shares of the technology company’s stock worth $2,008,000 after purchasing an additional 175 shares during the last quarter. Thornburg Investment Management Inc. grew its holdings in MakeMyTrip by 0.8% in the 2nd quarter. Thornburg Investment Management Inc. now owns 24,580 shares of the technology company’s stock valued at $2,100,000 after buying an additional 204 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of MakeMyTrip by 44.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company’s stock worth $65,000 after acquiring an additional 236 shares during the last quarter. Park Place Capital Corp purchased a new position in shares of MakeMyTrip during the 3rd quarter worth $25,000. Finally, Bank of New York Mellon Corp boosted its position in shares of MakeMyTrip by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,712 shares of the technology company’s stock valued at $2,583,000 after acquiring an additional 324 shares during the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.
MakeMyTrip Stock Up 5.3 %
NASDAQ MMYT traded up $5.24 during trading hours on Thursday, hitting $104.38. 289,367 shares of the company were exchanged, compared to its average volume of 738,313. The company has a quick ratio of 2.77, a current ratio of 2.78 and a debt-to-equity ratio of 0.19. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 59.37, a PEG ratio of 5.65 and a beta of 1.28. The company has a 50 day moving average of $98.93 and a two-hundred day moving average of $86.80. MakeMyTrip Limited has a 52-week low of $36.81 and a 52-week high of $110.49.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on MMYT shares. StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Bank of America raised their price objective on shares of MakeMyTrip from $100.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Finally, Citigroup upped their target price on shares of MakeMyTrip from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th.
View Our Latest Analysis on MakeMyTrip
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.
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