Quadrature Capital Ltd Buys New Shares in MakeMyTrip Limited $MMYT

Quadrature Capital Ltd bought a new position in MakeMyTrip Limited (NASDAQ:MMYT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 14,427 shares of the technology company’s stock, valued at approximately $1,413,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MMYT. Cetera Investment Advisers lifted its position in shares of MakeMyTrip by 50.9% in the first 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 in the last quarter. HB Wealth Management LLC purchased a new stake in shares of MakeMyTrip during the first quarter worth about $214,000. Mackenzie Financial Corp bought a new stake in MakeMyTrip during the 1st quarter valued at approximately $1,191,000. Jupiter Asset Management Ltd. lifted its holdings in MakeMyTrip by 21.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 96,297 shares of the technology company’s stock worth $9,436,000 after purchasing an additional 17,286 shares in the last quarter. Finally, Haven Private LLC lifted its holdings in MakeMyTrip by 3.4% in the 1st quarter. Haven Private LLC now owns 8,776 shares of the technology company’s stock worth $860,000 after purchasing an additional 286 shares in the last quarter. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Trading Up 1.5%

Shares of MMYT opened at $71.37 on Monday. The stock has a market capitalization of $7.94 billion, a PE ratio of 111.52 and a beta of 0.71. The company’s fifty day moving average is $84.74 and its 200 day moving average is $93.43. The company has a debt-to-equity ratio of 38.85, a quick ratio of 1.91 and a current ratio of 1.91. MakeMyTrip Limited has a fifty-two week low of $70.10 and a fifty-two week high of $123.00.

Analysts Set New Price Targets

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

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.