Dorsey Wright & Associates cut its position in shares of MakeMyTrip Limited (NASDAQ:MMYT – Free Report) by 38.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,947 shares of the technology company’s stock after selling 9,374 shares during the quarter. Dorsey Wright & Associates’ holdings in MakeMyTrip were worth $1,465,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in MMYT. WPG Advisers LLC bought a new stake in shares of MakeMyTrip in the 1st quarter worth approximately $28,000. Twin Tree Management LP bought a new position in MakeMyTrip in the first quarter worth $29,000. First Horizon Advisors Inc. acquired a new stake in MakeMyTrip during the second quarter worth $43,000. Stone House Investment Management LLC bought a new stake in MakeMyTrip in the 1st quarter valued at $49,000. Finally, Farther Finance Advisors LLC bought a new stake in MakeMyTrip in the 2nd quarter valued at $50,000. Institutional investors and hedge funds own 51.89% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on MMYT shares. Wall Street Zen lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings assumed coverage on MakeMyTrip in a report on Thursday, October 30th. They set a “hold (c)” rating on the stock. Finally, Citigroup lowered their price objective on MakeMyTrip from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, MakeMyTrip presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.
MakeMyTrip Trading Down 0.2%
Shares of MMYT stock opened at $73.82 on Wednesday. The company has a market capitalization of $8.21 billion, a P/E ratio of 115.35 and a beta of 0.87. MakeMyTrip Limited has a 12-month low of $72.94 and a 12-month high of $123.00. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 38.85. The firm has a 50-day moving average price of $88.91 and a 200 day moving average price of $95.34.
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.
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