Mirabella Financial Services LLP Takes Position in MakeMyTrip Limited $MMYT

Mirabella Financial Services LLP acquired a new stake in MakeMyTrip Limited (NASDAQ:MMYT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,500 shares of the technology company’s stock, valued at approximately $1,617,000.

A number of other hedge funds have also recently bought and sold shares of MMYT. Schroder Investment Management Group increased its holdings in shares of MakeMyTrip by 42.4% during the 2nd quarter. Schroder Investment Management Group now owns 5,628,019 shares of the technology company’s stock worth $551,658,000 after purchasing an additional 1,674,538 shares during the period. New Vernon Capital Holdings II LLC boosted its stake in MakeMyTrip by 9,699.0% during the first quarter. New Vernon Capital Holdings II LLC now owns 5,143,299 shares of the technology company’s stock worth $503,992,000 after buying an additional 5,090,811 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in shares of MakeMyTrip by 12.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,115,036 shares of the technology company’s stock valued at $207,316,000 after buying an additional 234,670 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of MakeMyTrip by 30.0% during the 2nd quarter. Franklin Resources Inc. now owns 2,042,793 shares of the technology company’s stock worth $200,235,000 after acquiring an additional 471,274 shares during the period. Finally, GQG Partners LLC increased its stake in MakeMyTrip by 273.2% in the first quarter. GQG Partners LLC now owns 2,009,506 shares of the technology company’s stock valued at $196,911,000 after acquiring an additional 1,470,985 shares during the period. 51.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MMYT shares. Weiss Ratings initiated coverage on shares of MakeMyTrip in a research note on Thursday, October 30th. They set a “hold (c)” rating for the company. Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.00.

MakeMyTrip Trading Up 2.4%

Shares of MakeMyTrip stock opened at $74.84 on Friday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 38.85. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 116.94 and a beta of 0.70. MakeMyTrip Limited has a twelve month low of $70.10 and a twelve month high of $123.00. The business has a 50-day moving average price of $82.77 and a 200-day moving average price of $92.71.

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.