Handelsbanken Fonder AB Acquires Shares of 15,000 MakeMyTrip Limited (NASDAQ:MMYT)

Handelsbanken Fonder AB bought a new position in MakeMyTrip Limited (NASDAQ:MMYT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,000 shares of the technology company’s stock, valued at approximately $705,000.

A number of other hedge funds have also made changes to their positions in the company. Raymond James & Associates acquired a new stake in shares of MakeMyTrip during the fourth quarter worth approximately $733,000. SG Americas Securities LLC increased its holdings in MakeMyTrip by 478.2% during the 4th quarter. SG Americas Securities LLC now owns 51,682 shares of the technology company’s stock valued at $2,428,000 after purchasing an additional 42,744 shares in the last quarter. Blue Trust Inc. boosted its stake in MakeMyTrip by 12.3% in the fourth quarter. Blue Trust Inc. now owns 7,055 shares of the technology company’s stock worth $331,000 after purchasing an additional 774 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of MakeMyTrip during the third quarter worth $84,983,000. Finally, American Century Companies Inc. acquired a new stake in shares of MakeMyTrip in the third quarter valued at $22,602,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Price Performance

Shares of MMYT stock opened at $67.77 on Tuesday. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 147.33 and a beta of 1.23. MakeMyTrip Limited has a 12 month low of $23.28 and a 12 month high of $77.30. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $64.99 and a 200 day moving average price of $52.77.

Wall Street Analyst Weigh In

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

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.