Summit Trail Advisors LLC Raises Stock Position in MakeMyTrip Limited (NASDAQ:MMYT)

Summit Trail Advisors LLC increased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,000 shares of the technology company’s stock after purchasing an additional 2,000 shares during the period. Summit Trail Advisors LLC’s holdings in MakeMyTrip were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in MakeMyTrip during the third quarter valued at $362,000. Calamos Wealth Management LLC acquired a new stake in MakeMyTrip during the third quarter valued at $1,202,000. Vestmark Advisory Solutions Inc. acquired a new stake in shares of MakeMyTrip in the third quarter valued at about $288,000. New York State Common Retirement Fund grew its position in shares of MakeMyTrip by 5.2% in the third quarter. New York State Common Retirement Fund now owns 497,487 shares of the technology company’s stock valued at $20,158,000 after purchasing an additional 24,556 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC grew its position in shares of MakeMyTrip by 42.8% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 26,290 shares of the technology company’s stock valued at $1,065,000 after purchasing an additional 7,885 shares during the period. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Wall Street Analysts Forecast Growth

MMYT has been the topic of a number of analyst reports. Macquarie downgraded shares of MakeMyTrip from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $50.00 to $60.00 in a research note on Wednesday, February 21st. StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th.

MakeMyTrip Stock Performance

Shares of MMYT stock traded up $1.36 during mid-day trading on Monday, hitting $73.75. The stock had a trading volume of 453,109 shares, compared to its average volume of 771,025. MakeMyTrip Limited has a fifty-two week low of $25.08 and a fifty-two week high of $77.30. The firm has a market cap of $7.83 billion, a PE ratio of 157.37 and a beta of 1.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53. The company’s 50-day simple moving average is $65.90 and its 200-day simple moving average is $53.56.

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.