MakeMyTrip Limited $MMYT Shares Purchased by Carrhae Capital LLP

Carrhae Capital LLP raised its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 44.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 576,586 shares of the technology company’s stock after acquiring an additional 178,641 shares during the quarter. MakeMyTrip makes up 4.1% of Carrhae Capital LLP’s investment portfolio, making the stock its 9th largest holding. Carrhae Capital LLP owned 0.52% of MakeMyTrip worth $56,517,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MMYT. WPG Advisers LLC acquired a new stake in shares of MakeMyTrip during the first quarter worth approximately $28,000. Twin Tree Management LP purchased a new stake in MakeMyTrip in the 1st quarter worth approximately $29,000. Stone House Investment Management LLC purchased a new stake in MakeMyTrip in the 1st quarter worth approximately $49,000. Farther Finance Advisors LLC acquired a new stake in shares of MakeMyTrip during the 2nd quarter valued at $50,000. Finally, Signaturefd LLC grew its holdings in shares of MakeMyTrip by 40.9% during the 1st quarter. Signaturefd LLC now owns 930 shares of the technology company’s stock valued at $91,000 after acquiring an additional 270 shares in the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Trading Down 1.1%

MakeMyTrip stock opened at $80.00 on Monday. MakeMyTrip Limited has a one year low of $76.45 and a one year high of $123.00. The company’s fifty day moving average price is $94.37 and its two-hundred day moving average price is $97.70. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 125.00 and a beta of 0.87.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Weiss Ratings started coverage on shares of MakeMyTrip in a research note on Thursday. They issued a “hold (c)” rating on the stock. Citigroup lowered their target price on MakeMyTrip from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Finally, Wall Street Zen downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.