MGO One Seven LLC Buys 1,016 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

MGO One Seven LLC raised its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 40.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,532 shares of the technology company’s stock after buying an additional 1,016 shares during the period. MGO One Seven LLC’s holdings in MakeMyTrip were worth $397,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC boosted its position in shares of MakeMyTrip by 3.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 4,419 shares of the technology company’s stock valued at $496,000 after purchasing an additional 142 shares in the last quarter. First Trust Advisors LP boosted its position in shares of MakeMyTrip by 19.5% during the 4th quarter. First Trust Advisors LP now owns 4,807 shares of the technology company’s stock valued at $540,000 after purchasing an additional 784 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of MakeMyTrip by 11.6% during the 4th quarter. Wasatch Advisors LP now owns 534,342 shares of the technology company’s stock valued at $59,996,000 after purchasing an additional 55,361 shares in the last quarter. Causeway Capital Management LLC raised its stake in MakeMyTrip by 1.6% during the 4th quarter. Causeway Capital Management LLC now owns 84,661 shares of the technology company’s stock worth $9,506,000 after buying an additional 1,348 shares during the period. Finally, CreativeOne Wealth LLC raised its stake in MakeMyTrip by 207.4% during the 4th quarter. CreativeOne Wealth LLC now owns 9,302 shares of the technology company’s stock worth $1,044,000 after buying an additional 6,276 shares during the period. Institutional investors own 51.89% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $104.60 on Tuesday. The company’s 50-day moving average is $97.57 and its 200 day moving average is $105.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The company has a market capitalization of $11.48 billion, a P/E ratio of 56.85, a price-to-earnings-growth ratio of 6.56 and a beta of 1.00. MakeMyTrip Limited has a fifty-two week low of $65.54 and a fifty-two week high of $123.00.

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.