Farther Finance Advisors LLC Purchases New Holdings in MakeMyTrip Limited $MMYT

Farther Finance Advisors LLC acquired a new position in MakeMyTrip Limited (NASDAQ:MMYT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 509 shares of the technology company’s stock, valued at approximately $50,000.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of MakeMyTrip by 9,724.0% during the 1st 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 purchasing an additional 23,886,735 shares during the last quarter. Baillie Gifford & Co. grew its position in 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 buying an additional 1,471,660 shares during the period. New Vernon Capital Holdings II LLC increased its holdings in 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 worth $503,992,000 after buying an additional 5,090,811 shares during the last quarter. GQG Partners LLC increased its holdings in MakeMyTrip by 273.2% during the first quarter. GQG Partners LLC now owns 2,009,506 shares of the technology company’s stock worth $196,911,000 after buying an additional 1,470,985 shares during the last quarter. Finally, American Century Companies Inc. raised its position in MakeMyTrip by 5.2% in the first quarter. American Century Companies Inc. now owns 1,336,008 shares of the technology company’s stock worth $130,915,000 after acquiring an additional 66,614 shares during the period. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

NASDAQ:MMYT opened at $95.08 on Tuesday. The stock has a market cap of $10.58 billion, a P/E ratio of 110.56 and a beta of 0.81. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 18.35. The business’s 50-day moving average price is $97.39 and its two-hundred day moving average price is $99.03. MakeMyTrip Limited has a twelve month low of $81.84 and a twelve month high of $123.00.

Analyst Ratings Changes

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

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.