Blue Trust Inc. Cuts Stock Position in MakeMyTrip Limited $MMYT

Blue Trust Inc. lowered its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 21.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,488 shares of the technology company’s stock after selling 1,206 shares during the period. Blue Trust Inc.’s holdings in MakeMyTrip were worth $440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. IFP Advisors Inc boosted its position in MakeMyTrip by 3.0% in the second quarter. IFP Advisors Inc now owns 9,239 shares of the technology company’s stock worth $906,000 after purchasing an additional 266 shares during the last quarter. US Bancorp DE lifted its holdings in MakeMyTrip by 14.9% during the second quarter. US Bancorp DE now owns 7,071 shares of the technology company’s stock valued at $693,000 after purchasing an additional 919 shares during the last quarter. Triasima Portfolio Management inc. lifted its holdings in MakeMyTrip by 54.6% during the second quarter. Triasima Portfolio Management inc. now owns 37,769 shares of the technology company’s stock valued at $3,702,000 after purchasing an additional 13,346 shares during the last quarter. SeaTown Holdings Pte. Ltd. lifted its holdings in MakeMyTrip by 49.8% during the second quarter. SeaTown Holdings Pte. Ltd. now owns 174,593 shares of the technology company’s stock valued at $17,114,000 after purchasing an additional 58,075 shares during the last quarter. Finally, Boston Common Asset Management LLC boosted its holdings in shares of MakeMyTrip by 12.3% in the second quarter. Boston Common Asset Management LLC now owns 24,730 shares of the technology company’s stock worth $2,424,000 after acquiring an additional 2,715 shares during the period. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MMYT shares. Macquarie raised MakeMyTrip from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Tuesday, June 24th. Citigroup cut their price target on MakeMyTrip from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Finally, Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $120.00.

MakeMyTrip Trading Up 0.6%

Shares of MMYT stock opened at $92.25 on Tuesday. The company has a debt-to-equity ratio of 18.35, a quick ratio of 1.15 and a current ratio of 1.15. MakeMyTrip Limited has a 52-week low of $81.84 and a 52-week high of $123.00. The company has a market capitalization of $10.26 billion, a PE ratio of 107.27 and a beta of 0.81. The business’s fifty day moving average is $97.28 and its 200 day moving average is $98.57.

MakeMyTrip 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.