Steadview Capital Management LLC cut its holdings in MakeMyTrip Limited (NASDAQ:MMYT – Free Report) by 36.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 123,045 shares of the technology company’s stock after selling 70,950 shares during the quarter. MakeMyTrip makes up 1.9% of Steadview Capital Management LLC’s portfolio, making the stock its 10th largest position. Steadview Capital Management LLC owned 0.11% of MakeMyTrip worth $10,104,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MMYT. Leonteq Securities AG acquired a new stake in shares of MakeMyTrip in the fourth quarter valued at $29,000. Parallel Advisors LLC increased its stake in shares of MakeMyTrip by 244.8% in the third quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after buying an additional 284 shares in the last quarter. Stone House Investment Management LLC increased its stake in shares of MakeMyTrip by 50.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock valued at $49,000 after buying an additional 200 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of MakeMyTrip by 893.9% in the fourth quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock valued at $54,000 after buying an additional 590 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of MakeMyTrip by 4,420.0% in the third quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock valued at $86,000 after buying an additional 884 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MMYT has been the subject of a number of research reports. Citigroup reiterated a “buy” rating on shares of MakeMyTrip in a research report on Tuesday. Wall Street Zen upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research lowered MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of MakeMyTrip in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.
MakeMyTrip Price Performance
Shares of MMYT stock opened at $42.75 on Friday. The stock has a 50-day moving average price of $43.75 and a 200 day moving average price of $60.86. The company has a quick ratio of 1.85, a current ratio of 3.05 and a debt-to-equity ratio of 38.85. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 171.00, a PEG ratio of 1.75 and a beta of 1.03. MakeMyTrip Limited has a 12 month low of $32.67 and a 12 month high of $105.23.
MakeMyTrip Company Profile
MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.
Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.
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