Polar Capital Holdings Plc raised its holdings in MakeMyTrip Limited (NASDAQ:MMYT – Free Report) by 42.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 519,857 shares of the technology company’s stock after purchasing an additional 156,029 shares during the period. Polar Capital Holdings Plc’s holdings in MakeMyTrip were worth $42,691,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of MMYT. Leonteq Securities AG acquired a new stake in shares of MakeMyTrip during the 4th quarter worth about $29,000. Parallel Advisors LLC boosted its stake in MakeMyTrip by 244.8% during the third quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after buying an additional 284 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of MakeMyTrip in the 4th quarter valued at approximately $46,000. Stone House Investment Management LLC raised its stake in shares of MakeMyTrip by 50.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock valued at $49,000 after acquiring an additional 200 shares during the period. Finally, Rakuten Securities Inc. lifted its holdings in shares of 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 acquiring an additional 590 shares during the last quarter. 51.89% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
MMYT has been the subject of several research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Wall Street Zen cut MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. Zacks Research lowered MakeMyTrip from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.00.
MakeMyTrip Stock Up 0.5%
MakeMyTrip stock opened at $45.68 on Wednesday. The stock’s fifty day moving average is $44.84 and its two-hundred day moving average is $56.96. The stock has a market cap of $5.08 billion, a PE ratio of 182.72 and a beta of 1.01. MakeMyTrip Limited has a 1-year low of $32.67 and a 1-year high of $104.99. The company has a debt-to-equity ratio of 38.85, a current ratio of 3.05 and a quick 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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