Sumitomo Mitsui DS Asset Management Company Ltd Acquires 19,041 Shares of MakeMyTrip Limited $MMYT

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 410.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,679 shares of the technology company’s stock after acquiring an additional 19,041 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in MakeMyTrip were worth $2,321,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MMYT. WPG Advisers LLC bought a new stake in MakeMyTrip during the 1st quarter worth approximately $28,000. Twin Tree Management LP bought a new stake in shares of MakeMyTrip in the 1st quarter valued at $29,000. Stone House Investment Management LLC bought a new stake in shares of MakeMyTrip in the 1st quarter valued at $49,000. Parallel Advisors LLC boosted its stake in shares of MakeMyTrip by 1,014.9% in the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company’s stock valued at $51,000 after purchasing an additional 477 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of MakeMyTrip by 40.9% in the 1st quarter. Signaturefd LLC now owns 930 shares of the technology company’s stock valued at $91,000 after purchasing an additional 270 shares during the last quarter. 51.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on MMYT. Wall Street Zen raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Citigroup reduced their price objective on shares of MakeMyTrip from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Finally, Macquarie raised shares of MakeMyTrip from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $120.00.

MakeMyTrip Stock Performance

MMYT opened at $101.84 on Monday. The company’s fifty day moving average price is $97.90 and its two-hundred day moving average price is $98.92. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 118.42 and a beta of 0.87. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 18.35. MakeMyTrip Limited has a 1-year low of $81.84 and a 1-year 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.