C WorldWide Group Holding A S increased its stake in MakeMyTrip Limited (NASDAQ:MMYT – Free Report) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,029 shares of the technology company’s stock after purchasing an additional 11,814 shares during the period. C WorldWide Group Holding A S’s holdings in MakeMyTrip were worth $4,774,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MMYT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in MakeMyTrip by 11.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,755 shares of the technology company’s stock worth $1,642,000 after buying an additional 1,721 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in MakeMyTrip by 24.7% in the second quarter. Daiwa Securities Group Inc. now owns 3,424 shares of the technology company’s stock valued at $336,000 after buying an additional 679 shares during the last quarter. Nebula Research & Development LLC boosted its holdings in shares of MakeMyTrip by 9.2% during the second quarter. Nebula Research & Development LLC now owns 15,890 shares of the technology company’s stock valued at $1,558,000 after acquiring an additional 1,345 shares during the period. Sei Investments Co. boosted its holdings in shares of MakeMyTrip by 14.9% during the second quarter. Sei Investments Co. now owns 520,853 shares of the technology company’s stock valued at $51,054,000 after acquiring an additional 67,367 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of MakeMyTrip by 108.5% during 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 acquiring an additional 104,641 shares during the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. Wall Street Zen lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. HSBC initiated coverage on shares of MakeMyTrip in a research report on Thursday, July 2nd. They issued a “buy” rating and a $70.00 target price for the company. The Goldman Sachs Group set a $84.00 price target on shares of MakeMyTrip in a research note on Saturday, June 27th. Finally, Zacks Research cut MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.75.
MakeMyTrip Stock Performance
NASDAQ:MMYT opened at $54.20 on Friday. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 216.80 and a beta of 0.98. MakeMyTrip Limited has a 1 year low of $32.67 and a 1 year high of $104.99. The business has a fifty day moving average of $48.32 and a 200-day moving average of $53.06.
About MakeMyTrip
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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