MakeMyTrip Limited $MMYT Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lowered its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 49.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,204 shares of the technology company’s stock after selling 41,989 shares during the quarter. U S Global Investors Inc.’s holdings in MakeMyTrip were worth $4,137,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Aberdeen Group plc increased its holdings in shares of MakeMyTrip by 54.3% during the second quarter. Aberdeen Group plc now owns 5,389 shares of the technology company’s stock valued at $528,000 after acquiring an additional 1,897 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of MakeMyTrip by 3.0% during 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 in the last quarter. US Bancorp DE increased its holdings in shares of MakeMyTrip by 14.9% during the second quarter. US Bancorp DE now owns 7,071 shares of the technology company’s stock valued at $693,000 after acquiring an additional 919 shares in the last quarter. Triasima Portfolio Management inc. increased its holdings in MakeMyTrip by 54.6% in the 2nd quarter. Triasima Portfolio Management inc. now owns 37,769 shares of the technology company’s stock worth $3,702,000 after buying an additional 13,346 shares during the period. Finally, SeaTown Holdings Pte. Ltd. increased its holdings in MakeMyTrip by 49.8% in the 2nd quarter. SeaTown Holdings Pte. Ltd. now owns 174,593 shares of the technology company’s stock worth $17,114,000 after buying an additional 58,075 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Trading Down 2.9%

MakeMyTrip stock opened at $91.66 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 18.35. MakeMyTrip Limited has a 12 month low of $81.84 and a 12 month high of $123.00. The stock’s 50 day simple moving average is $97.31 and its two-hundred day simple moving average is $98.76. The firm has a market cap of $10.20 billion, a PE ratio of 106.58 and a beta of 0.81.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MMYT shares. Macquarie upgraded shares of MakeMyTrip from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, Citigroup cut their price target on shares of MakeMyTrip from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, MakeMyTrip presently has an average rating of “Buy” and a consensus target price of $120.00.

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.