10,000 Shares in MakeMyTrip Limited $MMYT Bought by Aperture Investors LLC

Aperture Investors LLC purchased a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the technology company’s stock, valued at approximately $980,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in shares of MakeMyTrip during the 1st quarter worth about $28,000. Twin Tree Management LP purchased a new position in shares of MakeMyTrip in the 1st quarter valued at about $29,000. First Horizon Advisors Inc. acquired a new position in MakeMyTrip in the 2nd quarter worth about $43,000. Stone House Investment Management LLC acquired a new position in MakeMyTrip in the 1st quarter worth about $49,000. Finally, Farther Finance Advisors LLC purchased a new position in MakeMyTrip during the second quarter worth approximately $50,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Analyst Upgrades and Downgrades

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

MakeMyTrip Stock Up 2.7%

NASDAQ MMYT opened at $71.71 on Wednesday. The business has a fifty day moving average price of $81.43 and a 200 day moving average price of $91.91. The company has a debt-to-equity ratio of 38.85, a quick ratio of 1.91 and a current ratio of 1.91. The company has a market cap of $7.98 billion, a P/E ratio of 112.05 and a beta of 0.71. MakeMyTrip Limited has a one year low of $69.69 and a one year high of $123.00.

MakeMyTrip Company 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.