MakeMyTrip Limited $MMYT Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 2,438.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,995 shares of the technology company’s stock after acquiring an additional 146,968 shares during the quarter. Federated Hermes Inc.’s holdings in MakeMyTrip were worth $14,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its position in shares of MakeMyTrip by 37.1% in the second quarter. Marshall Wace LLP now owns 1,389,137 shares of the technology company’s stock valued at $136,163,000 after purchasing an additional 375,928 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in MakeMyTrip in the 2nd quarter valued at approximately $1,617,000. Groupe la Francaise lifted its stake in MakeMyTrip by 27.7% in the 2nd quarter. Groupe la Francaise now owns 73,117 shares of the technology company’s stock valued at $7,135,000 after buying an additional 15,869 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in MakeMyTrip during the 2nd quarter valued at $332,000. Finally, M&T Bank Corp increased its position in MakeMyTrip by 8.2% during the second quarter. M&T Bank Corp now owns 7,697 shares of the technology company’s stock worth $754,000 after buying an additional 582 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $76.14 on Thursday. The company has a market cap of $8.47 billion, a P/E ratio of 118.97 and a beta of 0.70. The business has a fifty day simple moving average of $81.10 and a 200-day simple moving average of $91.80. MakeMyTrip Limited has a 52 week low of $69.69 and a 52 week high of $122.35. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 38.85.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wall Street Zen downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings started coverage on shares of MakeMyTrip in a research note on Thursday, October 30th. They issued a “hold (c)” rating for the company. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, MakeMyTrip currently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

About MakeMyTrip

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.