MakeMyTrip Limited (NASDAQ:MMYT) Shares Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC grew its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 173.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,677 shares of the technology company’s stock after purchasing an additional 117,664 shares during the period. Driehaus Capital Management LLC’s holdings in MakeMyTrip were worth $20,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in MMYT. USA Financial Formulas acquired a new stake in MakeMyTrip during the fourth quarter valued at approximately $35,000. Steward Partners Investment Advisory LLC lifted its position in shares of MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after acquiring an additional 111 shares during the last quarter. Signaturefd LLC bought a new stake in shares of MakeMyTrip during the 4th quarter worth $74,000. R Squared Ltd acquired a new position in shares of MakeMyTrip in the 4th quarter worth $99,000. Finally, BOCHK Asset Management Ltd raised its position in shares of MakeMyTrip by 266.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock worth $124,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

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

MakeMyTrip Trading Down 13.3 %

MakeMyTrip stock opened at $97.13 on Friday. MakeMyTrip Limited has a 52 week low of $70.82 and a 52 week high of $123.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a market capitalization of $10.66 billion, a price-to-earnings ratio of 52.79, a P/E/G ratio of 6.56 and a beta of 0.92. The company has a 50 day moving average price of $99.48 and a 200 day moving average price of $105.29.

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.