Clough Capital Partners L P Sells 142,448 Shares of MakeMyTrip Limited $MMYT

Clough Capital Partners L P cut its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYTFree Report) by 93.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,374 shares of the technology company’s stock after selling 142,448 shares during the quarter. Clough Capital Partners L P’s holdings in MakeMyTrip were worth $852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Leonteq Securities AG bought a new stake in MakeMyTrip during the 4th quarter worth about $29,000. Parallel Advisors LLC lifted its position in MakeMyTrip by 244.8% during the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after buying an additional 284 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in MakeMyTrip during the 4th quarter worth about $46,000. Stone House Investment Management LLC lifted its position in MakeMyTrip by 50.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after buying an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its position in MakeMyTrip by 893.9% during the 4th quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock worth $54,000 after buying an additional 590 shares in the last quarter. 51.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MMYT shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Zacks Research cut shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. Finally, Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, MakeMyTrip presently has a consensus rating of “Moderate Buy” and an average target price of $101.00.

View Our Latest Report on MMYT

MakeMyTrip Stock Down 0.5%

Shares of MMYT stock opened at $45.45 on Thursday. The company has a debt-to-equity ratio of 38.85, a quick ratio of 3.05 and a current ratio of 3.05. The firm’s 50-day moving average is $44.93 and its 200-day moving average is $56.78. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 181.80 and a beta of 1.01. MakeMyTrip Limited has a 52-week low of $32.67 and a 52-week high of $104.99.

MakeMyTrip Company Profile

(Free Report)

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.

Recommended Stories

Institutional Ownership by Quarter for MakeMyTrip (NASDAQ:MMYT)

Receive News & Ratings for MakeMyTrip Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MakeMyTrip and related companies with MarketBeat.com's FREE daily email newsletter.