UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,860 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 20.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,050 shares of the technology company’s stock after selling 3,860 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MakeMyTrip were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC raised its holdings in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after acquiring an additional 111 shares during the period. Signaturefd LLC bought a new position in shares of MakeMyTrip in the fourth quarter worth about $74,000. Gen Wealth Partners Inc lifted its position in shares of MakeMyTrip by 29.5% during the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company’s stock worth $81,000 after purchasing an additional 165 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in MakeMyTrip during the 4th quarter valued at approximately $125,000. Finally, Cable Hill Partners LLC acquired a new stake in MakeMyTrip in the 4th quarter valued at approximately $225,000. Institutional investors own 51.89% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MMYT. Wall Street Zen upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Citigroup boosted their price objective on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 15th.

MakeMyTrip Price Performance

Shares of MMYT stock opened at $100.49 on Monday. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 6.56 and a beta of 0.88. The firm’s 50 day moving average is $101.88 and its 200-day moving average is $105.17. MakeMyTrip Limited has a 1 year low of $74.50 and a 1 year high of $123.00.

MakeMyTrip Company 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.