MakeMyTrip Limited $MMYT is Matthews International Capital Management LLC’s 7th Largest Position

Matthews International Capital Management LLC boosted its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 35.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,815 shares of the technology company’s stock after buying an additional 47,835 shares during the quarter. MakeMyTrip accounts for about 4.1% of Matthews International Capital Management LLC’s holdings, making the stock its 7th biggest holding. Matthews International Capital Management LLC’s holdings in MakeMyTrip were worth $18,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of MMYT. WPG Advisers LLC purchased a new position in MakeMyTrip during the first quarter worth about $28,000. Twin Tree Management LP purchased a new position in MakeMyTrip during the first quarter worth about $29,000. Stone House Investment Management LLC purchased a new position in MakeMyTrip during the first quarter worth about $49,000. Farther Finance Advisors LLC purchased a new position in MakeMyTrip during the second quarter worth about $50,000. Finally, Parallel Advisors LLC boosted its stake in MakeMyTrip by 1,014.9% during the first quarter. Parallel Advisors LLC now owns 524 shares of the technology company’s stock worth $51,000 after buying an additional 477 shares during the period. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Up 0.1%

Shares of NASDAQ:MMYT opened at $94.45 on Friday. The firm’s 50 day moving average price is $97.52 and its 200 day moving average price is $99.09. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 109.83 and a beta of 0.81. MakeMyTrip Limited has a fifty-two week low of $81.84 and a fifty-two week high of $123.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 18.35.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Macquarie raised shares of MakeMyTrip from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Tuesday, June 24th. Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Citigroup reduced their price target on shares of MakeMyTrip from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, MakeMyTrip currently has an average rating of “Buy” and a consensus target price of $120.00.

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.