Summit Trail Advisors LLC Buys 2,000 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Summit Trail Advisors LLC increased its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,000 shares of the technology company’s stock after purchasing an additional 2,000 shares during the quarter. Summit Trail Advisors LLC’s holdings in MakeMyTrip were worth $1,034,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Harbour Capital Advisors LLC boosted its holdings in MakeMyTrip by 2.6% during the 4th quarter. Harbour Capital Advisors LLC now owns 17,845 shares of the technology company’s stock worth $824,000 after acquiring an additional 447 shares during the last quarter. Liontrust Investment Partners LLP boosted its holdings in MakeMyTrip by 2.3% during the 3rd quarter. Liontrust Investment Partners LLP now owns 30,509 shares of the technology company’s stock worth $1,236,000 after acquiring an additional 695 shares during the last quarter. Blue Trust Inc. boosted its holdings in MakeMyTrip by 12.3% during the 4th quarter. Blue Trust Inc. now owns 7,055 shares of the technology company’s stock worth $331,000 after acquiring an additional 774 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in MakeMyTrip by 4.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 20,490 shares of the technology company’s stock worth $963,000 after acquiring an additional 799 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in MakeMyTrip by 449.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,398 shares of the technology company’s stock worth $138,000 after acquiring an additional 2,780 shares during the last quarter. Institutional investors own 51.89% of the company’s stock.

Analyst Upgrades and Downgrades

MMYT has been the topic of a number of analyst reports. Macquarie downgraded shares of MakeMyTrip from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $50.00 to $60.00 in a report on Wednesday, February 21st. StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th.

MakeMyTrip Stock Performance

Shares of NASDAQ MMYT traded up $1.36 during mid-day trading on Monday, reaching $73.75. 453,109 shares of the company’s stock were exchanged, compared to its average volume of 771,025. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 157.37 and a beta of 1.26. MakeMyTrip Limited has a 52 week low of $25.08 and a 52 week high of $77.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a 50-day moving average price of $65.90 and a two-hundred day moving average price of $53.56.

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.