Clough Capital Partners L P Sells 142,448 Shares of MakeMyTrip Limited $MMYT

Clough Capital Partners L P reduced its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 93.2% during the 4th quarter, Holdings Channel reports. The fund owned 10,374 shares of the technology company’s stock after selling 142,448 shares during the period. Clough Capital Partners L P’s holdings in MakeMyTrip were worth $852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of MMYT. Boothbay Fund Management LLC acquired a new stake in shares of MakeMyTrip during the fourth quarter worth $387,000. EFG International AG bought a new stake in shares of MakeMyTrip in the fourth quarter valued at about $966,000. Amundi boosted its position in shares of MakeMyTrip by 34.8% in the fourth quarter. Amundi now owns 549,544 shares of the technology company’s stock valued at $45,129,000 after acquiring an additional 141,939 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of MakeMyTrip by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,448,388 shares of the technology company’s stock valued at $201,064,000 after acquiring an additional 371,066 shares during the period. Finally, GeoWealth Management LLC boosted its position in shares of MakeMyTrip by 19.2% in the fourth quarter. GeoWealth Management LLC now owns 4,603 shares of the technology company’s stock valued at $378,000 after acquiring an additional 742 shares during the period. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Stock Down 0.5%

Shares of MMYT opened at $45.45 on Thursday. MakeMyTrip Limited has a 12 month low of $32.67 and a 12 month high of $104.99. The firm’s 50 day moving average is $44.93 and its 200-day moving average is $56.78. The stock has a market capitalization of $5.06 billion, a PE ratio of 181.80 and a beta of 1.01. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 38.85.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MMYT. Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st. Zacks Research cut shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.00.

MakeMyTrip Profile

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.