Allianz Asset Management GmbH Buys 78,850 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Allianz Asset Management GmbH lifted its stake in MakeMyTrip Limited (NASDAQ:MMYTFree Report) by 41.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 268,015 shares of the technology company’s stock after purchasing an additional 78,850 shares during the period. Allianz Asset Management GmbH owned 0.25% of MakeMyTrip worth $12,591,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MMYT. Harbour Capital Advisors LLC increased its stake in shares of MakeMyTrip by 2.6% in the 4th quarter. Harbour Capital Advisors LLC now owns 17,845 shares of the technology company’s stock valued at $824,000 after buying an additional 447 shares during the period. Liontrust Investment Partners LLP increased its position in MakeMyTrip by 2.3% in the third quarter. Liontrust Investment Partners LLP now owns 30,509 shares of the technology company’s stock worth $1,236,000 after purchasing an additional 695 shares during the period. Blue Trust Inc. raised its holdings in MakeMyTrip by 12.3% during the 4th quarter. Blue Trust Inc. now owns 7,055 shares of the technology company’s stock worth $331,000 after purchasing an additional 774 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in MakeMyTrip by 4.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 20,490 shares of the technology company’s stock worth $963,000 after purchasing an additional 799 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in MakeMyTrip during the 4th quarter valued at about $50,000. Institutional investors own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Macquarie cut shares of MakeMyTrip from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $50.00 to $60.00 in a research report on Wednesday, February 21st. StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Friday, May 24th.

Check Out Our Latest Research Report on MakeMyTrip

MakeMyTrip Price Performance

Shares of MMYT opened at $75.59 on Monday. The stock has a market cap of $8.02 billion, a P/E ratio of 45.26, a price-to-earnings-growth ratio of 4.98 and a beta of 1.28. MakeMyTrip Limited has a 1 year low of $25.75 and a 1 year high of $89.83. The stock’s 50-day moving average price is $72.20 and its two-hundred day moving average price is $59.03. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19.

MakeMyTrip Company Profile

(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.

See Also

Institutional Ownership by Quarter for MakeMyTrip (NASDAQ:MMYT)

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