J. Safra Sarasin Holding AG Purchases Shares of 6,739 MakeMyTrip Limited $MMYT

J. Safra Sarasin Holding AG purchased a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,739 shares of the technology company’s stock, valued at approximately $661,000.

A number of other large investors have also added to or reduced their stakes in MMYT. Mirae Asset Global Investments Co. Ltd. raised its position in MakeMyTrip by 9,724.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,132,381 shares of the technology company’s stock valued at $2,364,732,000 after purchasing an additional 23,886,735 shares in the last quarter. New Vernon Capital Holdings II LLC raised its position in MakeMyTrip by 9,699.0% during the first quarter. New Vernon Capital Holdings II LLC now owns 5,143,299 shares of the technology company’s stock valued at $503,992,000 after purchasing an additional 5,090,811 shares in the last quarter. Baillie Gifford & Co. raised its position in MakeMyTrip by 40.0% during the first quarter. Baillie Gifford & Co. now owns 5,155,202 shares of the technology company’s stock valued at $505,158,000 after purchasing an additional 1,471,660 shares in the last quarter. GQG Partners LLC raised its position in MakeMyTrip by 273.2% during the first quarter. GQG Partners LLC now owns 2,009,506 shares of the technology company’s stock valued at $196,911,000 after purchasing an additional 1,470,985 shares in the last quarter. Finally, Ninety One UK Ltd raised its position in MakeMyTrip by 1,586.6% during the first quarter. Ninety One UK Ltd now owns 772,853 shares of the technology company’s stock valued at $75,732,000 after purchasing an additional 727,030 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Up 0.1%

MMYT stock opened at $94.45 on Friday. MakeMyTrip Limited has a fifty-two week low of $81.84 and a fifty-two week high of $123.00. The business’s 50 day moving average price is $97.52 and its two-hundred day moving average price is $99.08. The company has a debt-to-equity ratio of 18.35, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 109.83 and a beta of 0.81.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MMYT shares. Wall Street Zen downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday. Citigroup decreased their price objective on MakeMyTrip from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Finally, Macquarie upgraded MakeMyTrip from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Tuesday, June 24th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $120.00.

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.