MakeMyTrip (NASDAQ:MMYT) Trading Down 3.6%

MakeMyTrip Limited (NASDAQ:MMYTGet Free Report) fell 3.6% during mid-day trading on Tuesday . The stock traded as low as $55.50 and last traded at $55.51. 265,118 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 690,298 shares. The stock had previously closed at $57.60.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th.

Check Out Our Latest Stock Report on MakeMyTrip

MakeMyTrip Stock Up 2.3 %

The company has a market capitalization of $6.11 billion, a PE ratio of 124.85 and a beta of 1.21. The company’s 50 day moving average is $47.91 and its two-hundred day moving average is $41.72. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On MakeMyTrip

A number of institutional investors and hedge funds have recently made changes to their positions in MMYT. Quarry LP grew its stake in shares of MakeMyTrip by 1,000.0% in the 1st quarter. Quarry LP now owns 1,210 shares of the technology company’s stock worth $30,000 after buying an additional 1,100 shares in the last quarter. USA Financial Formulas bought a new stake in shares of MakeMyTrip in the 4th quarter worth about $50,000. Belpointe Asset Management LLC lifted its holdings in shares of MakeMyTrip by 20.8% in the 1st quarter. Belpointe Asset Management LLC now owns 2,416 shares of the technology company’s stock worth $59,000 after acquiring an additional 416 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of MakeMyTrip by 449.8% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,398 shares of the technology company’s stock worth $138,000 after acquiring an additional 2,780 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of MakeMyTrip by 89.1% in the 3rd quarter. Legal & General Group Plc now owns 3,683 shares of the technology company’s stock worth $149,000 after acquiring an additional 1,735 shares during the last quarter. 44.03% of the stock is owned by hedge funds and other institutional investors.

About MakeMyTrip

(Get Free Report)

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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