MakeMyTrip Limited (NASDAQ:MMYT) Shares Purchased by Driehaus Capital Management LLC

Driehaus Capital Management LLC raised its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 173.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,677 shares of the technology company’s stock after acquiring an additional 117,664 shares during the period. Driehaus Capital Management LLC owned 0.17% of MakeMyTrip worth $20,848,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new position in MakeMyTrip during the 4th quarter worth $97,833,000. GQG Partners LLC bought a new stake in MakeMyTrip in the 4th quarter valued at about $60,465,000. Martin Currie Ltd. acquired a new position in MakeMyTrip during the 4th quarter valued at about $45,966,000. Bank of New York Mellon Corp grew its position in MakeMyTrip by 939.1% in the 4th quarter. Bank of New York Mellon Corp now owns 329,173 shares of the technology company’s stock worth $36,959,000 after purchasing an additional 297,493 shares during the last quarter. Finally, APG Asset Management N.V. bought a new stake in shares of MakeMyTrip during the fourth quarter valued at approximately $28,241,000. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Trading Down 13.3 %

MakeMyTrip stock opened at $97.13 on Friday. MakeMyTrip Limited has a 12-month low of $70.82 and a 12-month high of $123.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The stock has a market capitalization of $10.66 billion, a PE ratio of 52.79, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92. The firm has a 50 day simple moving average of $99.48 and a 200-day simple moving average of $105.29.

Analyst Ratings Changes

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

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.