William Blair Investment Management LLC Sells 728,932 Shares of MakeMyTrip Limited $MMYT

William Blair Investment Management LLC lessened its holdings in MakeMyTrip Limited (NASDAQ:MMYTFree Report) by 93.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 49,652 shares of the technology company’s stock after selling 728,932 shares during the period. William Blair Investment Management LLC’s holdings in MakeMyTrip were worth $4,077,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MMYT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of MakeMyTrip by 11.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,755 shares of the technology company’s stock worth $1,642,000 after purchasing an additional 1,721 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of MakeMyTrip by 24.7% in the second quarter. Daiwa Securities Group Inc. now owns 3,424 shares of the technology company’s stock worth $336,000 after purchasing an additional 679 shares in the last quarter. Nebula Research & Development LLC lifted its position in shares of MakeMyTrip by 9.2% in the second quarter. Nebula Research & Development LLC now owns 15,890 shares of the technology company’s stock worth $1,558,000 after purchasing an additional 1,345 shares in the last quarter. Sei Investments Co. lifted its position in shares of MakeMyTrip by 14.9% in the second quarter. Sei Investments Co. now owns 520,853 shares of the technology company’s stock worth $51,054,000 after purchasing an additional 67,367 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of MakeMyTrip by 108.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 201,101 shares of the technology company’s stock worth $19,712,000 after purchasing an additional 104,641 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

NASDAQ MMYT opened at $42.32 on Wednesday. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 38.85. The firm’s fifty day moving average price is $43.63 and its two-hundred day moving average price is $60.21. MakeMyTrip Limited has a 1 year low of $32.67 and a 1 year high of $105.23. The firm has a market capitalization of $4.71 billion, a P/E ratio of 169.28 and a beta of 1.03.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Zacks Research lowered shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Wall Street Zen raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of MakeMyTrip in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, MakeMyTrip has an average rating of “Moderate Buy” and a consensus price target of $101.00.

Read Our Latest Report on MakeMyTrip

MakeMyTrip Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MakeMyTrip (NASDAQ:MMYT)

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