Thornburg Investment Management Inc. Trims Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Thornburg Investment Management Inc. decreased its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,658 shares of the technology company’s stock after selling 510 shares during the quarter. Thornburg Investment Management Inc.’s holdings in MakeMyTrip were worth $1,646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MMYT. Man Group plc purchased a new position in MakeMyTrip during the 4th quarter worth $1,978,000. MayTech Global Investments LLC raised its position in MakeMyTrip by 3.5% during the 4th quarter. MayTech Global Investments LLC now owns 288,100 shares of the technology company’s stock worth $32,348,000 after buying an additional 9,658 shares during the last quarter. Lazard Asset Management LLC raised its position in MakeMyTrip by 38.8% during the 4th quarter. Lazard Asset Management LLC now owns 331,320 shares of the technology company’s stock worth $37,200,000 after buying an additional 92,561 shares during the last quarter. Gen Wealth Partners Inc raised its position in MakeMyTrip by 29.5% during the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company’s stock worth $81,000 after buying an additional 165 shares during the last quarter. Finally, FACT Capital LP purchased a new position in MakeMyTrip during the 4th quarter worth $3,389,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

NASDAQ:MMYT opened at $105.44 on Monday. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a fifty-two week low of $72.55 and a fifty-two week high of $123.00. The stock has a market cap of $11.58 billion, a PE ratio of 57.30, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92. The firm’s fifty day simple moving average is $101.28 and its 200-day simple moving average is $105.41.

Analyst Ratings Changes

A number of equities analysts have commented on MMYT shares. StockNews.com upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Thursday. Citigroup upped their price objective on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday.

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.