Fisher Asset Management LLC Sells 28,184 Shares of MakeMyTrip Limited $MMYT

Fisher Asset Management LLC decreased its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 37.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,325 shares of the technology company’s stock after selling 28,184 shares during the period. Fisher Asset Management LLC’s holdings in MakeMyTrip were worth $3,804,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Leonteq Securities AG bought a new stake in MakeMyTrip during the 4th quarter worth approximately $29,000. Parallel Advisors LLC raised its stake in MakeMyTrip by 244.8% during the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after acquiring an additional 284 shares during the period. Stone House Investment Management LLC grew its holdings in MakeMyTrip by 50.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock valued at $49,000 after buying an additional 200 shares in the last quarter. Rakuten Securities Inc. grew its holdings in MakeMyTrip by 893.9% during the 4th quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock valued at $54,000 after buying an additional 590 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in MakeMyTrip by 4,420.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock valued at $86,000 after buying an additional 884 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Trading Up 5.5%

Shares of MMYT opened at $47.33 on Friday. The company has a 50 day simple moving average of $43.64 and a two-hundred day simple moving average of $59.75. MakeMyTrip Limited has a 1 year low of $32.67 and a 1 year high of $104.99. The company has a debt-to-equity ratio of 38.85, a current ratio of 3.05 and a quick ratio of 3.05. The firm has a market cap of $5.27 billion, a P/E ratio of 189.32 and a beta of 1.03.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MMYT shares. Zacks Research lowered 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. Wall Street Zen raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, MakeMyTrip has a consensus rating of “Moderate Buy” and a consensus 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.