Banque Cantonale Vaudoise lifted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT – Free Report) by 1,328.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 25,618 shares of the technology company’s stock after buying an additional 23,825 shares during the period. Banque Cantonale Vaudoise’s holdings in MakeMyTrip were worth $2,104,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in MakeMyTrip by 244.8% in the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after buying an additional 284 shares in the last quarter. Stone House Investment Management LLC lifted its holdings in MakeMyTrip by 50.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after buying an additional 200 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in MakeMyTrip by 893.9% in the 4th quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock worth $54,000 after buying an additional 590 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in MakeMyTrip by 4,420.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock worth $86,000 after buying an additional 884 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in MakeMyTrip by 33.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,097 shares of the technology company’s stock worth $90,000 after buying an additional 278 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.
Wall Street Analysts Forecast Growth
MMYT has been the topic of a number of recent analyst reports. Zacks Research lowered shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Wall Street Zen lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Weiss Ratings reissued a “hold (c)” rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. Finally, Citigroup reissued a “buy” rating on shares of MakeMyTrip in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.00.
MakeMyTrip Price Performance
MMYT opened at $43.00 on Friday. The company has a 50-day moving average of $43.84 and a 200-day moving average of $60.98. The company has a market capitalization of $4.78 billion, a P/E ratio of 172.00, a PEG ratio of 1.75 and a beta of 1.03. MakeMyTrip Limited has a 1-year low of $32.67 and a 1-year high of $105.23. The company has a debt-to-equity ratio of 38.85, a quick ratio of 1.85 and a current ratio of 3.05.
MakeMyTrip 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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