Gilder Gagnon Howe & Co. LLC Lowers Stake in MakeMyTrip Limited (NASDAQ:MMYT)

Gilder Gagnon Howe & Co. LLC decreased its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 121,022 shares of the technology company’s stock after selling 735 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in MakeMyTrip Limited were worth $4,060,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MMYT. Comerica Bank boosted its stake in shares of MakeMyTrip Limited by 1.2% in the first quarter. Comerica Bank now owns 75,613 shares of the technology company’s stock valued at $2,938,000 after buying an additional 863 shares in the last quarter. Sei Investments Co. boosted its stake in shares of MakeMyTrip Limited by 3.8% in the second quarter. Sei Investments Co. now owns 102,321 shares of the technology company’s stock valued at $3,433,000 after buying an additional 3,746 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of MakeMyTrip Limited by 33.4% in the first quarter. Penserra Capital Management LLC now owns 15,265 shares of the technology company’s stock valued at $527,000 after buying an additional 3,820 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of MakeMyTrip Limited during the first quarter valued at about $202,000. Finally, Credit Suisse AG acquired a new stake in shares of MakeMyTrip Limited during the first quarter valued at about $242,000. 41.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of MakeMyTrip Limited (NASDAQ MMYT) opened at 32.05 on Thursday. MakeMyTrip Limited has a one year low of $17.71 and a one year high of $40.90. The company has a 50-day moving average of $32.76 and a 200 day moving average of $33.92. The firm’s market cap is $3.24 billion.

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Several brokerages have recently issued reports on MMYT. BidaskClub cut shares of MakeMyTrip Limited from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. TheStreet raised shares of MakeMyTrip Limited from a “d” rating to a “c-” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of MakeMyTrip Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, ValuEngine raised shares of MakeMyTrip Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.23.

About MakeMyTrip Limited

MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.

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Institutional Ownership by Quarter for MakeMyTrip Limited (NASDAQ:MMYT)

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