MakeMyTrip Limited (NASDAQ:MMYT) Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. lowered its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,658 shares of the technology company’s stock after selling 510 shares during the period. Thornburg Investment Management Inc.’s holdings in MakeMyTrip were worth $1,646,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new position in MakeMyTrip during the 4th quarter worth approximately $97,833,000. GQG Partners LLC acquired a new position in shares of MakeMyTrip in the 4th quarter valued at $60,465,000. Martin Currie Ltd. acquired a new position in shares of MakeMyTrip in the 4th quarter valued at $45,966,000. Bank of New York Mellon Corp boosted its holdings in shares of 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 valued at $36,959,000 after buying an additional 297,493 shares in the last quarter. Finally, APG Asset Management N.V. acquired a new position in shares of MakeMyTrip in the 4th quarter valued at $28,241,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

MMYT has been the subject of several research analyst reports. StockNews.com upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Thursday. Citigroup upped their target price on shares of MakeMyTrip from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday.

MakeMyTrip Trading Up 0.3%

Shares of MakeMyTrip stock opened at $105.44 on Monday. The company has a fifty day simple moving average of $101.28 and a 200-day simple moving average of $105.41. MakeMyTrip Limited has a 12-month low of $72.55 and a 12-month high of $123.00. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 57.30, a PEG ratio of 6.56 and a beta of 0.92. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 0.19.

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.