Bayesian Capital Management LP purchased a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT – Free Report) during the first quarter, HoldingsChannel reports. The fund purchased 6,237 shares of the technology company’s stock, valued at approximately $443,000.
Other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC raised its stake in MakeMyTrip by 29.8% during the fourth quarter. Fisher Asset Management LLC now owns 94,606 shares of the technology company’s stock valued at $4,445,000 after purchasing an additional 21,733 shares in the last quarter. Jump Financial LLC purchased a new stake in MakeMyTrip during the fourth quarter valued at $627,000. Axiom Investors LLC DE raised its stake in MakeMyTrip by 34.1% during the fourth quarter. Axiom Investors LLC DE now owns 340,048 shares of the technology company’s stock valued at $15,975,000 after purchasing an additional 86,558 shares in the last quarter. Raymond James & Associates purchased a new stake in MakeMyTrip during the fourth quarter valued at $733,000. Finally, Segantii Capital Management Ltd purchased a new stake in MakeMyTrip during the fourth quarter valued at $6,178,000. Hedge funds and other institutional investors own 51.89% of the company’s stock.
MakeMyTrip Trading Up 1.3 %
Shares of MMYT traded up $1.22 during midday trading on Wednesday, hitting $94.56. The stock had a trading volume of 59,721 shares, compared to its average volume of 771,351. MakeMyTrip Limited has a 1 year low of $28.59 and a 1 year high of $100.22. The firm has a market cap of $10.38 billion, a PE ratio of 55.89, a price-to-earnings-growth ratio of 6.97 and a beta of 1.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.78 and a quick ratio of 2.77. The stock’s 50 day moving average is $83.70 and its 200 day moving average is $70.87.
Insider Transactions at MakeMyTrip
In related news, insider Magow Rajesh 7,768 shares of the company’s stock in a transaction on Monday, July 29th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.30% of the company’s stock.
Analysts Set New Price Targets
MMYT has been the topic of several recent analyst reports. Bank of America increased their target price on shares of MakeMyTrip from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Citigroup increased their target price on shares of MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.67.
View Our Latest Research Report on MMYT
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.
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Want to see what other hedge funds are holding MMYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MakeMyTrip Limited (NASDAQ:MMYT – Free Report).
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