LGT Fund Management Co Ltd. Buys Shares of 11,000 MakeMyTrip Limited (NASDAQ:MMYT)

LGT Fund Management Co Ltd. bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,000 shares of the technology company’s stock, valued at approximately $517,000.

A number of other large investors also recently bought and sold shares of the stock. C WorldWide Group Holding A S acquired a new stake in MakeMyTrip in the fourth quarter valued at approximately $2,255,000. Russell Investments Group Ltd. raised its holdings in MakeMyTrip by 39.9% in the fourth quarter. Russell Investments Group Ltd. now owns 107,698 shares of the technology company’s stock valued at $5,060,000 after acquiring an additional 30,710 shares in the last quarter. Aubrey Capital Management Ltd acquired a new stake in MakeMyTrip in the fourth quarter valued at approximately $14,968,000. State of New Jersey Common Pension Fund D acquired a new stake in MakeMyTrip in the fourth quarter valued at approximately $5,573,000. Finally, Handelsbanken Fonder AB acquired a new stake in MakeMyTrip in the fourth quarter valued at approximately $705,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Macquarie lowered shares of MakeMyTrip from an “outperform” rating to a “neutral” rating and increased their price target for the company from $50.00 to $60.00 in a research note on Wednesday, February 21st.

MakeMyTrip Stock Performance

Shares of MMYT traded up $1.53 during mid-day trading on Thursday, reaching $69.05. 209,009 shares of the company’s stock were exchanged, compared to its average volume of 768,344. 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 stock has a market capitalization of $7.33 billion, a PE ratio of 146.78 and a beta of 1.26. The business’s fifty day simple moving average is $65.35 and its 200-day simple moving average is $53.06. MakeMyTrip Limited has a 52-week low of $24.18 and a 52-week high of $77.30.

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.