C WorldWide Group Holding A S Lowers Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

C WorldWide Group Holding A S lowered its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 27.9% during the 1st quarter, Holdings Channel reports. The firm owned 200,964 shares of the technology company’s stock after selling 77,609 shares during the quarter. C WorldWide Group Holding A S’s holdings in MakeMyTrip were worth $19,692,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MMYT. Mirae Asset Global Investments Co. Ltd. lifted its stake in MakeMyTrip by 9,724.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,132,381 shares of the technology company’s stock worth $2,364,732,000 after purchasing an additional 23,886,735 shares in the last quarter. Norges Bank purchased a new stake in MakeMyTrip in the 4th quarter worth $97,833,000. Ninety One UK Ltd increased its holdings in shares of MakeMyTrip by 1,586.6% in the 1st quarter. Ninety One UK Ltd now owns 772,853 shares of the technology company’s stock worth $75,732,000 after buying an additional 727,030 shares during the last quarter. GQG Partners LLC bought a new stake in shares of MakeMyTrip in the 4th quarter worth about $60,465,000. Finally, Martin Currie Ltd. bought a new stake in shares of MakeMyTrip in the 4th quarter worth about $45,966,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MMYT. Citigroup boosted their target price on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Macquarie upgraded shares of MakeMyTrip from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Tuesday, June 24th. Finally, Wall Street Zen upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th.

MakeMyTrip Stock Up 0.2%

Shares of MMYT traded up $0.19 during mid-day trading on Friday, hitting $95.66. The company’s stock had a trading volume of 98,279 shares, compared to its average volume of 1,022,857. The company’s 50-day moving average is $98.45 and its 200-day moving average is $101.38. MakeMyTrip Limited has a 52-week low of $76.95 and a 52-week high of $123.00. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 115.26 and a beta of 0.85. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01.

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.