Steadview Capital Management LLC Grows Holdings in MakeMyTrip Limited $MMYT

Steadview Capital Management LLC grew its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 24.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,600 shares of the technology company’s stock after buying an additional 39,600 shares during the quarter. MakeMyTrip accounts for about 2.8% of Steadview Capital Management LLC’s holdings, making the stock its 8th biggest position. Steadview Capital Management LLC owned approximately 0.18% of MakeMyTrip worth $19,467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in MakeMyTrip in the 1st quarter valued at about $28,000. Twin Tree Management LP bought a new stake in MakeMyTrip during the 1st quarter worth approximately $29,000. First Horizon Advisors Inc. purchased a new stake in shares of MakeMyTrip in the second quarter worth approximately $43,000. Stone House Investment Management LLC bought a new position in shares of MakeMyTrip in the first quarter valued at approximately $49,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of MakeMyTrip during the second quarter valued at approximately $50,000. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $73.82 on Wednesday. The company has a market capitalization of $8.21 billion, a P/E ratio of 115.35 and a beta of 0.87. The company’s 50-day moving average is $88.91 and its 200 day moving average is $95.34. The company has a debt-to-equity ratio of 38.85, a quick ratio of 1.91 and a current ratio of 1.91. MakeMyTrip Limited has a fifty-two week low of $72.94 and a fifty-two week high of $123.00.

Analyst Ratings Changes

A number of equities research analysts recently commented on MMYT shares. Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Citigroup reduced their target price on shares of MakeMyTrip from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Finally, Weiss Ratings initiated coverage on shares of MakeMyTrip in a research note on Thursday, October 30th. They issued a “hold (c)” rating for the company. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.00.

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.