Janus Henderson Group PLC Has $50.13 Million Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

Janus Henderson Group PLC decreased its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 446,031 shares of the technology company’s stock after selling 62,576 shares during the quarter. Janus Henderson Group PLC owned 0.41% of MakeMyTrip worth $50,125,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MMYT. Norges Bank bought a new stake in MakeMyTrip during the fourth quarter worth about $97,833,000. GQG Partners LLC bought a new stake in MakeMyTrip during the fourth quarter worth about $60,465,000. Martin Currie Ltd. bought a new stake in MakeMyTrip during the fourth quarter worth about $45,966,000. Bank of New York Mellon Corp lifted its position in MakeMyTrip by 939.1% during the fourth quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company’s stock worth $36,959,000 after purchasing an additional 297,493 shares during the period. Finally, APG Asset Management N.V. bought a new stake in MakeMyTrip during the fourth quarter worth about $28,241,000. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Up 2.8%

Shares of NASDAQ MMYT opened at $106.59 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 57.93, a PEG ratio of 6.56 and a beta of 0.92. MakeMyTrip Limited has a 12 month low of $72.55 and a 12 month high of $123.00. The stock has a 50-day moving average price of $100.21 and a two-hundred day moving average price of $105.32.

Wall Street Analyst Weigh In

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

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.