Signaturefd LLC Purchases 217 Shares of MakeMyTrip Limited $MMYT

Signaturefd LLC boosted its position in MakeMyTrip Limited (NASDAQ:MMYT) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,147 shares of the technology company’s stock after buying an additional 217 shares during the quarter. Signaturefd LLC’s holdings in MakeMyTrip were worth $112,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG increased its position in MakeMyTrip by 51.9% during the second quarter. Bank Pictet & Cie Europe AG now owns 9,738 shares of the technology company’s stock worth $955,000 after acquiring an additional 3,329 shares during the period. Banque Pictet & Cie SA increased its holdings in shares of MakeMyTrip by 38.8% during the 2nd quarter. Banque Pictet & Cie SA now owns 28,669 shares of the technology company’s stock worth $2,810,000 after purchasing an additional 8,007 shares during the period. Ballentine Partners LLC raised its position in shares of MakeMyTrip by 16.5% during the second quarter. Ballentine Partners LLC now owns 3,637 shares of the technology company’s stock valued at $356,000 after buying an additional 516 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in MakeMyTrip during the second quarter worth about $50,000. Finally, Exchange Traded Concepts LLC increased its stake in MakeMyTrip by 91.8% during the second quarter. Exchange Traded Concepts LLC now owns 87,312 shares of the technology company’s stock valued at $8,558,000 after acquiring an additional 41,799 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

MMYT has been the subject of a number of recent research reports. Citigroup cut their target price on MakeMyTrip from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Macquarie raised shares of MakeMyTrip from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $120.00.

MakeMyTrip Trading Up 0.1%

MMYT opened at $94.45 on Friday. The stock has a 50-day moving average of $97.52 and a 200 day moving average of $99.08. 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 12 month low of $81.84 and a 12 month high of $123.00. The firm has a market cap of $10.51 billion, a P/E ratio of 109.83 and a beta of 0.81.

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.