New York State Common Retirement Fund Sells 121,066 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

New York State Common Retirement Fund trimmed its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 24.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 376,421 shares of the technology company’s stock after selling 121,066 shares during the quarter. New York State Common Retirement Fund’s holdings in MakeMyTrip were worth $17,684,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MMYT. Banque Cantonale Vaudoise grew its stake in 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 in the last quarter. NewEdge Wealth LLC bought a new position in MakeMyTrip in the 3rd quarter worth about $288,000. Vestmark Advisory Solutions Inc. bought a new position in MakeMyTrip in the 3rd quarter worth about $288,000. Clough Capital Partners L P bought a new position in MakeMyTrip in the 3rd quarter worth about $290,000. Finally, CoreCap Advisors LLC bought a new position in MakeMyTrip in the 4th quarter worth about $298,000. 51.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Macquarie cut shares of MakeMyTrip from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $50.00 to $60.00 in a research report on Wednesday, February 21st.

MakeMyTrip Price Performance

Shares of MMYT opened at $67.47 on Monday. The company has a 50 day moving average price of $64.84 and a 200-day moving average price of $52.58. MakeMyTrip Limited has a fifty-two week low of $22.62 and a fifty-two week high of $77.30. The stock has a market capitalization of $7.16 billion, a PE ratio of 146.67 and a beta of 1.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53.

MakeMyTrip 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.