The Manufacturers Life Insurance Company Grows Stock Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

The Manufacturers Life Insurance Company grew its position in MakeMyTrip Limited (NASDAQ:MMYT) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 717,751 shares of the technology company’s stock after buying an additional 85,689 shares during the quarter. The Manufacturers Life Insurance Company owned 0.65% of MakeMyTrip worth $80,589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in MakeMyTrip during the 4th quarter worth approximately $97,833,000. GQG Partners LLC acquired a new position in shares of MakeMyTrip in the fourth quarter worth $60,465,000. Martin Currie Ltd. acquired a new position in shares of MakeMyTrip in the fourth quarter worth $45,966,000. Bank of New York Mellon Corp raised its stake in shares of MakeMyTrip by 939.1% in the fourth quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company’s stock valued at $36,959,000 after acquiring an additional 297,493 shares in the last quarter. Finally, APG Asset Management N.V. acquired a new stake in shares of MakeMyTrip in the fourth quarter valued at $28,241,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

Shares of MMYT stock opened at $105.25 on Wednesday. MakeMyTrip Limited has a 12 month low of $65.54 and a 12 month high of $123.00. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a market cap of $11.55 billion, a P/E ratio of 57.20, a PEG ratio of 6.56 and a beta of 1.00. The firm has a fifty day moving average price of $97.65 and a 200 day moving average price of $105.06.

Wall Street Analyst Weigh In

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

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.