MakeMyTrip Limited $MMYT Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 19.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,082 shares of the technology company’s stock after selling 25,307 shares during the period. Fisher Asset Management LLC owned approximately 0.09% of MakeMyTrip worth $10,202,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cetera Investment Advisers boosted its holdings in MakeMyTrip by 50.9% during the 1st quarter. Cetera Investment Advisers now owns 6,075 shares of the technology company’s stock valued at $595,000 after acquiring an additional 2,050 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of MakeMyTrip during the first quarter worth about $327,000. Townsquare Capital LLC purchased a new position in shares of MakeMyTrip in the first quarter valued at approximately $610,000. Invesco Ltd. boosted its stake in shares of MakeMyTrip by 13.1% in the first quarter. Invesco Ltd. now owns 409,482 shares of the technology company’s stock valued at $40,125,000 after purchasing an additional 47,426 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of MakeMyTrip in the first quarter valued at approximately $668,000. 51.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MMYT. Weiss Ratings assumed coverage on MakeMyTrip in a report on Thursday, October 30th. They set a “hold (c)” rating for the company. Wall Street Zen lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.00.

MakeMyTrip Stock Up 1.0%

MakeMyTrip stock opened at $73.10 on Thursday. MakeMyTrip Limited has a fifty-two week low of $70.10 and a fifty-two week high of $123.00. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 114.22 and a beta of 0.70. The stock’s fifty day moving average is $83.19 and its two-hundred day moving average is $92.83. The company has a debt-to-equity ratio of 38.85, a quick ratio of 1.91 and a current ratio of 1.91.

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.