River Global Investors LLP Sells 5,288 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

River Global Investors LLP lowered its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,852 shares of the technology company’s stock after selling 5,288 shares during the quarter. River Global Investors LLP’s holdings in MakeMyTrip were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates bought a new stake in MakeMyTrip during the fourth quarter worth approximately $733,000. SG Americas Securities LLC increased its position in MakeMyTrip by 478.2% in the 4th quarter. SG Americas Securities LLC now owns 51,682 shares of the technology company’s stock worth $2,428,000 after buying an additional 42,744 shares during the period. Handelsbanken Fonder AB bought a new position in MakeMyTrip in the 4th quarter worth approximately $705,000. Blue Trust Inc. lifted its holdings in shares of MakeMyTrip by 12.3% during the fourth quarter. Blue Trust Inc. now owns 7,055 shares of the technology company’s stock worth $331,000 after buying an additional 774 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of MakeMyTrip in the fourth quarter valued at approximately $5,573,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MMYT. Macquarie cut shares of MakeMyTrip from an “outperform” rating to a “neutral” rating and upped their target price for the company from $50.00 to $60.00 in a research note on Wednesday, February 21st. StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th.

MakeMyTrip Stock Performance

Shares of MMYT traded up $1.92 on Friday, reaching $72.39. 800,846 shares of the stock traded hands, compared to its average volume of 844,853. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 157.37 and a beta of 1.26. MakeMyTrip Limited has a 12 month low of $24.18 and a 12 month high of $77.30. The stock’s 50-day moving average price is $65.90 and its 200-day moving average price is $53.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53.

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.