Nomura Asset Management Co. Ltd. Buys 73,890 Shares of MakeMyTrip Limited $MMYT

Nomura Asset Management Co. Ltd. grew its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT – Free Report) by 24.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 381,470 shares of the technology company’s stock after buying an additional 73,890 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in MakeMyTrip were worth $31,326,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Schroder Investment Management Group increased its position in shares of MakeMyTrip by 12.2% in the third quarter. Schroder Investment Management Group now owns 6,316,976 shares of the technology company’s stock worth $591,269,000 after purchasing an additional 688,957 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of MakeMyTrip by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 5,155,036 shares of the technology company’s stock worth $423,332,000 after purchasing an additional 114,975 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of MakeMyTrip by 7.9% in the third quarter. Artisan Partners Limited Partnership now owns 2,281,492 shares of the technology company’s stock worth $213,548,000 after purchasing an additional 166,456 shares during the last quarter. Capital International Investors increased its position in shares of MakeMyTrip by 22.1% in the third quarter. Capital International Investors now owns 1,717,783 shares of the technology company’s stock worth $160,784,000 after purchasing an additional 310,627 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of MakeMyTrip by 112.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,563,877 shares of the technology company’s stock worth $128,426,000 after purchasing an additional 826,143 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors.

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MakeMyTrip Stock Up 1.2%

Shares of MakeMyTrip stock opened at $47.32 on Tuesday. The company has a debt-to-equity ratio of 38.85, a quick ratio of 3.05 and a current ratio of 3.05. MakeMyTrip Limited has a 52-week low of $32.67 and a 52-week high of $104.99. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 189.28 and a beta of 1.03. The company’s 50 day moving average price is $43.81 and its 200-day moving average price is $59.32.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Sunday. Zacks Research cut shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group reiterated a “buy” rating on shares of MakeMyTrip in a research report on Thursday, May 7th. Finally, Citigroup reiterated a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.00.

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MakeMyTrip Company 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.

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