Acadian Asset Management LLC Lowers Position in MakeMyTrip Limited $MMYT
Acadian Asset Management LLC has reduced its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 36.9% in Q2, now holding 151,731 shares valued at approximately $14.87 million. Other institutional investors have also adjusted their positions, with Signaturefd LLC increasing its stake by 23.3%. Analysts have mixed ratings on MMYT, with a consensus rating of "Moderate Buy" and an average price target of $120.00. The stock opened at $78.35, showing a market cap of $8.72 billion and a PE ratio of 122.42.
Acadian Asset Management LLC decreased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 36.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 151,731 shares of the technology company's stock after selling 88,543 shares during the period. Acadian Asset Management LLC owned about 0.14% of MakeMyTrip worth $14,866,000 at the end of the most recent quarter.
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Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in MakeMyTrip by 23.3% in the second quarter. Signaturefd LLC now owns 1,147 shares of the technology company's stock worth $112,000 after purchasing an additional 217 shares during the last quarter. Atria Investments Inc boosted its stake in MakeMyTrip by 5.8% in the second quarter. Atria Investments Inc now owns 4,705 shares of the technology company's stock valued at $461,000 after acquiring an additional 256 shares during the last quarter. IFP Advisors Inc boosted its stake in MakeMyTrip by 3.0% in the second quarter. IFP Advisors Inc now owns 9,239 shares of the technology company's stock valued at $906,000 after acquiring an additional 266 shares during the last quarter. Haven Private LLC raised its holdings in shares of 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 during the period. Finally, WPG Advisers LLC purchased a new position in shares of MakeMyTrip during the 1st quarter valued at $28,000. Hedge funds and other institutional investors own 51.89% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on MMYT. Weiss Ratings started coverage on MakeMyTrip in a research note on Thursday, October 30th. They issued a "hold (c)" rating on the stock. Wall Street Zen downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Finally, Citigroup cut their price target 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 given a Hold rating to the company. According to MarketBeat, MakeMyTrip presently has a consensus rating of "Moderate Buy" and an average price target of $120.00.
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View Our Latest Stock Report on MakeMyTrip
MakeMyTrip Trading Up 2.2%
Shares of MMYT stock opened at $78.35 on Wednesday. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.91 and a quick ratio of 1.91. MakeMyTrip Limited has a 1-year low of $76.02 and a 1-year high of $123.00. The stock has a market capitalization of $8.72 billion, a PE ratio of 122.42 and a beta of 0.87. The business has a 50-day moving average of $91.34 and a 200 day moving average of $96.44.
About MakeMyTrip
(Free Report)- MakeMyTrip Stock is an Under-the-Radar Play
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.
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