MGO One Seven LLC Buys 1,016 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

MGO One Seven LLC increased its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 40.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,532 shares of the technology company’s stock after purchasing an additional 1,016 shares during the period. MGO One Seven LLC’s holdings in MakeMyTrip were worth $397,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MMYT. USA Financial Formulas purchased a new stake in MakeMyTrip in the fourth quarter worth approximately $35,000. Steward Partners Investment Advisory LLC boosted its stake in MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after buying an additional 111 shares in the last quarter. Signaturefd LLC purchased a new stake in MakeMyTrip in the fourth quarter worth approximately $74,000. R Squared Ltd purchased a new stake in MakeMyTrip in the fourth quarter worth approximately $99,000. Finally, BOCHK Asset Management Ltd boosted its stake in MakeMyTrip by 266.7% in the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock worth $124,000 after buying an additional 800 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

MakeMyTrip Price Performance

Shares of NASDAQ MMYT opened at $104.60 on Tuesday. MakeMyTrip Limited has a 1 year low of $65.54 and a 1 year high of $123.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The company’s 50-day moving average is $97.57 and its 200 day moving average is $105.06. The stock has a market capitalization of $11.48 billion, a P/E ratio of 56.85, a P/E/G ratio of 6.56 and a beta of 1.00.

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.