Parallel Advisors LLC Purchases 477 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Parallel Advisors LLC increased its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 1,014.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 524 shares of the technology company’s stock after buying an additional 477 shares during the period. Parallel Advisors LLC’s holdings in MakeMyTrip were worth $51,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MMYT. Steward Partners Investment Advisory LLC raised its stake in MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after purchasing an additional 111 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of MakeMyTrip by 3.3% in the 4th quarter. OneDigital Investment Advisors LLC now owns 4,419 shares of the technology company’s stock valued at $496,000 after buying an additional 142 shares in the last quarter. Gen Wealth Partners Inc raised its stake in shares of MakeMyTrip by 29.5% in the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company’s stock valued at $81,000 after buying an additional 165 shares in the last quarter. Csenge Advisory Group raised its stake in shares of MakeMyTrip by 11.3% in the 4th quarter. Csenge Advisory Group now owns 4,159 shares of the technology company’s stock valued at $467,000 after buying an additional 421 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its stake in shares of MakeMyTrip by 17.7% in the 4th quarter. Bleakley Financial Group LLC now owns 3,272 shares of the technology company’s stock valued at $367,000 after buying an additional 493 shares in the last quarter. 51.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MMYT shares. Citigroup increased their price objective on shares of MakeMyTrip from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Wall Street Zen upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th.

MakeMyTrip Trading Up 0.4%

Shares of MakeMyTrip stock opened at $100.49 on Monday. The stock has a market capitalization of $11.03 billion, a P/E ratio of 54.61, a price-to-earnings-growth ratio of 6.56 and a beta of 0.88. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $101.88 and a 200 day simple moving average of $105.17. MakeMyTrip Limited has a 12-month low of $74.50 and a 12-month high of $123.00.

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.