Dragoneer Investment Group Has Boosted Makemytrip Limited Mauritius (MMYT) Position by $2.39 Million; Share Value Rose; Sumitomo Mitsui (SMFG) Holder Bb&T Increased Its Position by $1.88 Million as Stock Value Declined

January 16, 2018 - By Linda Rogers

Dragoneer Investment Group Llc increased its stake in Makemytrip Limited Mauritius (MMYT) by 18.07% based on its latest 2017Q3 regulatory filing with the SEC. Dragoneer Investment Group Llc bought 85,368 shares as the company’s stock rose 2.51% with the market. The institutional investor held 557,868 shares of the transportation services company at the end of 2017Q3, valued at $16.04 million, up from 472,500 at the end of the previous reported quarter. Dragoneer Investment Group Llc who had been investing in Makemytrip Limited Mauritius for a number of months, seems to be bullish on the $3.31B market cap company. The stock increased 2.83% or $0.9 during the last trading session, reaching $32.75. About 142,896 shares traded. MakeMyTrip Limited (NASDAQ:MMYT) has risen 111.67% since January 16, 2017 and is uptrending. It has outperformed by 94.97% the S&P500.

Bb&T Corp increased its stake in Sumitomo Mitsui (SMFG) by 184.27% based on its latest 2017Q3 regulatory filing with the SEC. Bb&T Corp bought 269,180 shares as the company’s stock declined 7.89% while stock markets rallied. The institutional investor held 415,257 shares of the commercial banks company at the end of 2017Q3, valued at $3.20M, up from 146,077 at the end of the previous reported quarter. Bb&T Corp who had been investing in Sumitomo Mitsui for a number of months, seems to be bullish on the $68.87 billion market cap company. The stock increased 1.22% or $0.1163 during the last trading session, reaching $9.6363. About 356,907 shares traded. Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) has risen 18.55% since January 16, 2017 and is uptrending. It has outperformed by 1.85% the S&P500.

Bb&T Corp, which manages about $5.15 billion US Long portfolio, decreased its stake in Idex Corp (NYSE:IEX) by 4,699 shares to 100,272 shares, valued at $12.18 million in 2017Q3, according to the filing. It also reduced its holding in Tyson Foods Inc (NYSE:TSN) by 7,098 shares in the quarter, leaving it with 58,680 shares, and cut its stake in Packaging Corp O (NYSE:PKG).

Among 4 analysts covering MakeMyTrip (NASDAQ:MMYT), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. MakeMyTrip had 11 analyst reports since August 12, 2015 according to SRatingsIntel. Jefferies downgraded MakeMyTrip Limited (NASDAQ:MMYT) on Thursday, August 10 to “Hold” rating. Deutsche Bank downgraded the stock to “Hold” rating in Friday, October 30 report. On Friday, June 3 the stock rating was upgraded by Nomura to “Neutral”. Jefferies maintained the shares of MMYT in report on Thursday, November 2 with “Hold” rating. The firm earned “Hold” rating on Friday, October 13 by Jefferies. The stock of MakeMyTrip Limited (NASDAQ:MMYT) has “Reduce” rating given on Tuesday, February 23 by Nomura.

Dragoneer Investment Group Llc, which manages about $450.59 million and $609.39 million US Long portfolio, decreased its stake in Appfolio Inc by 792,329 shares to 1.10M shares, valued at $52.81 million in 2017Q3, according to the filing. It also reduced its holding in 58 Com Inc (NYSE:WUBA) by 128,129 shares in the quarter, leaving it with 1.13 million shares, and cut its stake in Square Inc.

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