Ballentine Partners LLC Invests $306,000 in MakeMyTrip Limited (NASDAQ:MMYT)

Ballentine Partners LLC acquired a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,121 shares of the technology company’s stock, valued at approximately $306,000.

Several other large investors have also added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its stake in MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after purchasing an additional 111 shares during the last quarter. Atria Investments Inc acquired a new position in MakeMyTrip during the 4th quarter valued at about $249,000. Raymond James Financial Inc. acquired a new position in MakeMyTrip during the 4th quarter valued at about $1,605,000. HighTower Advisors LLC boosted its stake in MakeMyTrip by 57.8% during the 4th quarter. HighTower Advisors LLC now owns 72,186 shares of the technology company’s stock valued at $8,105,000 after purchasing an additional 26,431 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in MakeMyTrip by 17.6% during the 4th quarter. Natixis Advisors LLC now owns 15,430 shares of the technology company’s stock valued at $1,732,000 after purchasing an additional 2,311 shares during the last quarter. Institutional investors own 51.89% of the company’s stock.

Analyst Ratings Changes

MMYT has been the subject of a number of analyst reports. Macquarie upgraded MakeMyTrip from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Tuesday, June 24th. Wall Street Zen upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Finally, Citigroup lifted their price target on MakeMyTrip from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 15th.

MakeMyTrip Price Performance

Shares of NASDAQ MMYT opened at $93.01 on Wednesday. MakeMyTrip Limited has a twelve month low of $76.95 and a twelve month high of $123.00. The stock’s 50 day moving average price is $98.83 and its 200-day moving average price is $101.55. The company has a market capitalization of $10.35 billion, a PE ratio of 112.06 and a beta of 0.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.01.

MakeMyTrip 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.