MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by River Global Investors LLP

River Global Investors LLP trimmed its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,852 shares of the technology company’s stock after selling 5,288 shares during the period. River Global Investors LLP’s holdings in MakeMyTrip were worth $1,544,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in MakeMyTrip in the third quarter valued at $362,000. Calamos Wealth Management LLC purchased a new stake in MakeMyTrip during the third quarter worth approximately $1,202,000. Vestmark Advisory Solutions Inc. acquired a new position in MakeMyTrip in the third quarter valued at approximately $288,000. New York State Common Retirement Fund increased its stake in MakeMyTrip by 5.2% in the third quarter. New York State Common Retirement Fund now owns 497,487 shares of the technology company’s stock valued at $20,158,000 after purchasing an additional 24,556 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC raised its holdings in MakeMyTrip by 42.8% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 26,290 shares of the technology company’s stock worth $1,065,000 after purchasing an additional 7,885 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MMYT. StockNews.com raised MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Macquarie lowered MakeMyTrip from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $50.00 to $60.00 in a research note on Wednesday, February 21st.

MakeMyTrip Trading Up 2.7 %

MMYT stock traded up $1.92 during midday trading on Friday, reaching $72.39. 800,846 shares of the company’s stock traded hands, compared to its average volume of 844,853. MakeMyTrip Limited has a fifty-two week low of $24.18 and a fifty-two week high of $77.30. The business has a 50-day moving average price of $65.90 and a two-hundred day moving average price of $53.56. The company has a market capitalization of $7.68 billion, a P/E ratio of 157.37 and a beta of 1.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53.

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.