Cetera Investment Advisers Boosts Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

Cetera Investment Advisers raised its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 50.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,075 shares of the technology company’s stock after acquiring an additional 2,050 shares during the period. Cetera Investment Advisers’ holdings in MakeMyTrip were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMYT. Parallel Advisors LLC grew its holdings in shares of MakeMyTrip by 1,014.9% in the first quarter. Parallel Advisors LLC now owns 524 shares of the technology company’s stock valued at $51,000 after purchasing an additional 477 shares in the last quarter. Gen Wealth Partners Inc raised its holdings in MakeMyTrip by 29.5% during 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 during the period. Signaturefd LLC raised its holdings in MakeMyTrip by 40.9% during the 1st quarter. Signaturefd LLC now owns 930 shares of the technology company’s stock valued at $91,000 after buying an additional 270 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in MakeMyTrip during the 1st quarter valued at $107,000. Finally, Rakuten Securities Inc. raised its holdings in MakeMyTrip by 124.4% during the 1st quarter. Rakuten Securities Inc. now owns 2,035 shares of the technology company’s stock valued at $199,000 after buying an additional 1,128 shares during the period. 51.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MMYT has been the topic of several recent research reports. Macquarie upgraded MakeMyTrip from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Tuesday, June 24th. Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Finally, Citigroup decreased their price target on MakeMyTrip from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd.

MakeMyTrip Stock Performance

Shares of MakeMyTrip stock opened at $98.61 on Friday. The stock’s fifty day moving average is $95.90 and its two-hundred day moving average is $99.64. The company has a market capitalization of $10.97 billion, a PE ratio of 114.66 and a beta of 0.86. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 18.35. MakeMyTrip Limited has a 52 week low of $81.84 and a 52 week 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.