BNP Paribas Financial Markets Lowers Position in MakeMyTrip Limited (NASDAQ:MMYT)

BNP Paribas Financial Markets lowered its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 89.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,689 shares of the technology company's stock after selling 65,122 shares during the period. BNP Paribas Financial Markets' holdings in MakeMyTrip were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in MMYT. J.P. Morgan Private Wealth Advisors LLC increased its stake in shares of MakeMyTrip by 42.8% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 26,290 shares of the technology company's stock worth $1,065,000 after purchasing an additional 7,885 shares during the period. Banque Cantonale Vaudoise increased its stake in shares of MakeMyTrip by 449.8% during the third quarter. Banque Cantonale Vaudoise now owns 3,398 shares of the technology company's stock worth $138,000 after purchasing an additional 2,780 shares during the period. NewEdge Wealth LLC bought a new position in shares of MakeMyTrip during the third quarter worth approximately $288,000. Canada Pension Plan Investment Board increased its stake in MakeMyTrip by 43.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 67,000 shares of the technology company's stock worth $2,715,000 after acquiring an additional 20,400 shares during the period. Finally, Artisan Partners Limited Partnership bought a new position in MakeMyTrip during the 3rd quarter worth $84,983,000. Institutional investors own 51.89% of the company's stock.

Wall Street Analysts Forecast Growth

MMYT has been the topic of a number of recent research reports. StockNews.com upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Friday, May 24th. Macquarie lowered MakeMyTrip from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from $50.00 to $60.00 in a research note on Wednesday, February 21st.

MakeMyTrip Price Performance

Shares of MMYT stock traded up $7.86 during trading hours on Wednesday, reaching $81.49. The company's stock had a trading volume of 996,689 shares, compared to its average volume of 785,445. The firm's 50 day simple moving average is $72.69 and its 200-day simple moving average is $59.65. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 48.80, a PEG ratio of 5.14 and a beta of 1.28. MakeMyTrip Limited has a fifty-two week low of $25.75 and a fifty-two week high of $89.83. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19.

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.