MakeMyTrip Limited (MMYT) Shares Bought by River & Mercantile Asset Management LLP
River & Mercantile Asset Management LLP increased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 43.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286,985 shares of the technology company’s stock after purchasing an additional 86,273 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in MakeMyTrip were worth $6,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Thornburg Investment Management Inc. bought a new position in shares of MakeMyTrip during the fourth quarter valued at $112,000. BlackRock Inc. lifted its holdings in shares of MakeMyTrip by 20.5% during the fourth quarter. BlackRock Inc. now owns 4,977 shares of the technology company’s stock valued at $121,000 after purchasing an additional 847 shares in the last quarter. Pendal Group Ltd lifted its holdings in shares of MakeMyTrip by 4,612.7% during the fourth quarter. Pendal Group Ltd now owns 6,315 shares of the technology company’s stock valued at $154,000 after purchasing an additional 6,181 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of MakeMyTrip during the fourth quarter valued at $400,000. Finally, GAM Holding AG lifted its holdings in MakeMyTrip by 14.4% in the third quarter. GAM Holding AG now owns 19,375 shares of the technology company’s stock valued at $532,000 after acquiring an additional 2,442 shares during the period. 45.71% of the stock is currently owned by hedge funds and other institutional investors.
MMYT stock traded down $0.22 during trading on Monday, reaching $25.14. The stock had a trading volume of 6,947 shares, compared to its average volume of 298,958. MakeMyTrip Limited has a 52 week low of $19.66 and a 52 week high of $41.70. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -11.30 and a beta of 0.49.
A number of research analysts have weighed in on the company. ValuEngine raised MakeMyTrip from a “hold” rating to a “buy” rating in a report on Wednesday, March 6th. Zacks Investment Research raised MakeMyTrip from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, BidaskClub downgraded MakeMyTrip from a “buy” rating to a “hold” rating in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. MakeMyTrip presently has an average rating of “Hold” and a consensus price target of $30.16.
ILLEGAL ACTIVITY NOTICE: This news story was posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.dailypolitical.com/2019/03/25/makemytrip-limited-mmyt-shares-bought-by-river-mercantile-asset-management-llp.html.
MakeMyTrip Ltd. is an online travel company, which engages in the ownership and operation of online brands, including MakeMyTrip, goibibo, and redbus. It offers air ticketing, hotels and packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing.
Recommended Story: Channel Trading
Want to see what other hedge funds are holding MMYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MakeMyTrip Limited (NASDAQ:MMYT).
Receive News & Ratings for MakeMyTrip Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MakeMyTrip and related companies with MarketBeat.com's FREE daily email newsletter.