Hantz Financial Services Inc. Acquires New Position in MakeMyTrip Limited $MMYT

Hantz Financial Services Inc. acquired a new stake in MakeMyTrip Limited (NASDAQ:MMYT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,854 shares of the technology company’s stock, valued at approximately $1,162,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in MakeMyTrip in the first quarter valued at about $28,000. Twin Tree Management LP bought a new position in shares of MakeMyTrip during the first quarter valued at approximately $29,000. Stone House Investment Management LLC bought a new position in shares of MakeMyTrip during the first quarter valued at approximately $49,000. Farther Finance Advisors LLC bought a new position in shares of MakeMyTrip during the second quarter valued at approximately $50,000. Finally, Signaturefd LLC grew its holdings in shares of MakeMyTrip by 40.9% during the first quarter. Signaturefd LLC now owns 930 shares of the technology company’s stock valued at $91,000 after purchasing an additional 270 shares during the last quarter. 51.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Weiss Ratings assumed coverage on MakeMyTrip in a report on Thursday. They set a “hold (c)” rating for the company. Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, Citigroup lowered their target price on MakeMyTrip from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

MakeMyTrip Stock Performance

Shares of MMYT stock opened at $80.00 on Friday. MakeMyTrip Limited has a 12-month low of $76.45 and a 12-month high of $123.00. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 125.00 and a beta of 0.81. The business has a 50 day simple moving average of $94.37 and a 200 day simple moving average of $97.73. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.91 and a quick ratio of 1.15.

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.