Janus Henderson Group PLC Has $50.13 Million Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Janus Henderson Group PLC decreased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 446,031 shares of the technology company’s stock after selling 62,576 shares during the quarter. Janus Henderson Group PLC’s holdings in MakeMyTrip were worth $50,125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rheos Capital Works Inc. increased its stake in shares of MakeMyTrip by 237.5% in the fourth quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company’s stock valued at $15,158,000 after buying an additional 95,000 shares during the period. New York State Common Retirement Fund increased its stake in shares of MakeMyTrip by 100.2% in the fourth quarter. New York State Common Retirement Fund now owns 101,279 shares of the technology company’s stock valued at $11,372,000 after buying an additional 50,689 shares during the period. Handelsbanken Fonder AB increased its stake in shares of MakeMyTrip by 9.2% in the fourth quarter. Handelsbanken Fonder AB now owns 44,924 shares of the technology company’s stock valued at $5,044,000 after buying an additional 3,800 shares during the period. Norges Bank acquired a new position in shares of MakeMyTrip in the fourth quarter valued at approximately $97,833,000. Finally, Prudential PLC increased its stake in shares of MakeMyTrip by 70.8% in the fourth quarter. Prudential PLC now owns 10,787 shares of the technology company’s stock valued at $1,211,000 after buying an additional 4,470 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

MakeMyTrip Stock Performance

Shares of MMYT stock opened at $106.59 on Wednesday. The business’s 50 day simple moving average is $100.21 and its 200 day simple moving average is $105.32. MakeMyTrip Limited has a one year low of $72.55 and a one year high of $123.00. The stock has a market capitalization of $11.70 billion, a PE ratio of 57.93, a PEG ratio of 6.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88.

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.