MakeMyTrip Limited $MMYT is Virtus Advisers LLC’s 6th Largest Position

Virtus Advisers LLC increased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 21.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,900 shares of the technology company’s stock after buying an additional 4,621 shares during the quarter. MakeMyTrip accounts for approximately 3.4% of Virtus Advisers LLC’s holdings, making the stock its 6th biggest position. Virtus Advisers LLC’s holdings in MakeMyTrip were worth $2,539,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in MakeMyTrip during the 1st quarter valued at about $28,000. Twin Tree Management LP acquired a new position in MakeMyTrip in the 1st quarter valued at approximately $29,000. First Horizon Advisors Inc. acquired a new position in MakeMyTrip in the 2nd quarter valued at approximately $43,000. Stone House Investment Management LLC purchased a new stake in MakeMyTrip in the 1st quarter worth approximately $49,000. Finally, Farther Finance Advisors LLC acquired a new stake in MakeMyTrip during the second quarter valued at $50,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MMYT has been the subject of several research reports. Weiss Ratings assumed coverage on MakeMyTrip in a report on Thursday, October 30th. They set a “hold (c)” rating for the company. Wall Street Zen downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, MakeMyTrip presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.

MakeMyTrip Trading Up 1.5%

NASDAQ:MMYT opened at $71.37 on Monday. MakeMyTrip Limited has a 12 month low of $70.10 and a 12 month high of $123.00. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 111.52 and a beta of 0.71. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 38.85. The company’s 50 day moving average is $84.74 and its 200-day moving average is $93.43.

About MakeMyTrip

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.