Ballentine Partners LLC Buys 516 Shares of MakeMyTrip Limited $MMYT

Ballentine Partners LLC raised its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 16.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,637 shares of the technology company’s stock after acquiring an additional 516 shares during the period. Ballentine Partners LLC’s holdings in MakeMyTrip were worth $356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its position in MakeMyTrip by 9,724.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,132,381 shares of the technology company’s stock valued at $2,364,732,000 after acquiring an additional 23,886,735 shares during the last quarter. Baillie Gifford & Co. boosted its stake in shares of MakeMyTrip by 40.0% during the first quarter. Baillie Gifford & Co. now owns 5,155,202 shares of the technology company’s stock valued at $505,158,000 after purchasing an additional 1,471,660 shares during the period. New Vernon Capital Holdings II LLC boosted its stake in shares of MakeMyTrip by 9,699.0% during the first quarter. New Vernon Capital Holdings II LLC now owns 5,143,299 shares of the technology company’s stock valued at $503,992,000 after purchasing an additional 5,090,811 shares during the period. GQG Partners LLC boosted its stake in shares of MakeMyTrip by 273.2% during the first quarter. GQG Partners LLC now owns 2,009,506 shares of the technology company’s stock valued at $196,911,000 after purchasing an additional 1,470,985 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of MakeMyTrip by 5.2% during the first quarter. American Century Companies Inc. now owns 1,336,008 shares of the technology company’s stock valued at $130,915,000 after purchasing an additional 66,614 shares during the period. 51.89% of the stock is currently owned by institutional investors.

MakeMyTrip Stock Performance

Shares of MakeMyTrip stock opened at $94.67 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 18.35. The firm has a market capitalization of $10.53 billion, a P/E ratio of 110.08 and a beta of 0.87. The business has a fifty day simple moving average of $98.23 and a two-hundred day simple moving average of $99.19. MakeMyTrip Limited has a 12 month low of $81.84 and a 12 month high of $123.00.

Analysts Set New Price Targets

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

MakeMyTrip 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.