Daiwa Securities Group Inc. decreased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT – Free Report) by 100.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,388 shares of the technology company’s stock after selling 6,000,041 shares during the period. Daiwa Securities Group Inc.’s holdings in MakeMyTrip were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the business. Caprock Group LLC bought a new position in shares of MakeMyTrip during the 2nd quarter valued at about $295,000. Acadian Asset Management LLC boosted its position in shares of MakeMyTrip by 27.1% during the 2nd quarter. Acadian Asset Management LLC now owns 343,235 shares of the technology company’s stock valued at $28,854,000 after purchasing an additional 73,092 shares in the last quarter. nVerses Capital LLC bought a new position in shares of MakeMyTrip during the 2nd quarter valued at about $143,000. Van ECK Associates Corp boosted its position in shares of MakeMyTrip by 5.9% during the 2nd quarter. Van ECK Associates Corp now owns 14,163 shares of the technology company’s stock valued at $1,191,000 after purchasing an additional 791 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of MakeMyTrip in the second quarter worth about $602,000. Institutional investors own 51.89% of the company’s stock.
MakeMyTrip Trading Up 0.9 %
MakeMyTrip stock opened at $104.29 on Wednesday. The company has a quick ratio of 2.77, a current ratio of 2.78 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 12 month low of $36.81 and a 12 month high of $105.79. The company’s fifty day simple moving average is $93.57 and its 200-day simple moving average is $80.71. The stock has a market cap of $11.45 billion, a P/E ratio of 62.45, a P/E/G ratio of 5.33 and a beta of 1.28.
Wall Street Analyst Weigh In
MMYT has been the subject of several recent analyst reports. Bank of America raised their target price on shares of MakeMyTrip from $100.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Citigroup raised their target price on shares of MakeMyTrip from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th.
Check Out Our Latest Report on MMYT
About MakeMyTrip
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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