Allspring Global Investments Holdings LLC Grows Stock Holdings in MakeMyTrip Limited $MMYT

Allspring Global Investments Holdings LLC raised its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 140.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 952,418 shares of the technology company’s stock after buying an additional 555,620 shares during the period. Allspring Global Investments Holdings LLC’s holdings in MakeMyTrip were worth $77,994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of MakeMyTrip by 0.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,829 shares of the technology company’s stock worth $2,230,000 after acquiring an additional 150 shares in the last quarter. GeoWealth Management LLC raised its stake in shares of MakeMyTrip by 4.6% during the 3rd quarter. GeoWealth Management LLC now owns 3,861 shares of the technology company’s stock worth $361,000 after buying an additional 169 shares during the last quarter. Capital International Sarl raised its stake in shares of MakeMyTrip by 0.5% during the 3rd quarter. Capital International Sarl now owns 37,903 shares of the technology company’s stock worth $3,548,000 after buying an additional 179 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of MakeMyTrip by 10.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company’s stock worth $199,000 after buying an additional 188 shares in the last quarter. Finally, Parallel Advisors LLC raised its position 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 acquiring an additional 284 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip News Roundup

Here are the key news stories impacting MakeMyTrip this week:

• Positive Sentiment: MakeMyTrip’s most recent quarterly results beat EPS estimates (reported Jan. 21), and the company shows strong ROE — factors that undercut a sustained sell‑off and give investors a fundamentals-based reason to buy on weakness.
• Neutral Sentiment: Trading has been higher‑than‑normal in response to the report, increasing volatility and short‑term risk; this makes intraday moves amplified but doesn’t resolve the underlying allegations.
• Negative Sentiment: Short‑seller Morpheus alleges MakeMyTrip engaged in anti‑competitive practices and defied a CCI order — the report cites claimed preferential treatment, improper fee accounting and allowance of problematic hotels on the platform. Article Title
• Negative Sentiment: Morpheus also accuses MakeMyTrip of inflating profits and misstating metrics — allegations that, if followed by formal regulatory scrutiny or accounting review, could materially hurt sentiment and valuation. Article Title
• Negative Sentiment: Multiple outlets report that the short‑seller release triggered an immediate share drop and heightened sell pressure; the continued impact will depend on any official inquiries (CCI, auditors or exchanges) and on MakeMyTrip’s public rebuttal or clarifications. Article Title

MakeMyTrip Trading Up 2.5%

Shares of MMYT opened at $37.29 on Wednesday. MakeMyTrip Limited has a twelve month low of $32.67 and a twelve month high of $113.85. The firm has a market capitalization of $4.15 billion, a P/E ratio of 77.69, a price-to-earnings-growth ratio of 1.25 and a beta of 0.64. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 38.85. The stock’s fifty day simple moving average is $52.81 and its 200 day simple moving average is $72.65.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings results on Wednesday, January 21st. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. The company had revenue of $295.70 million during the quarter, compared to analyst estimates of $306.29 million. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%. On average, equities research analysts forecast that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MMYT shares. Morgan Stanley reiterated an “overweight” rating on shares of MakeMyTrip in a report on Wednesday, December 31st. Citigroup reduced their price objective on MakeMyTrip from $108.00 to $96.00 and set a “buy” rating on the stock in a research report on Wednesday, January 21st. Bank of America decreased their price objective on MakeMyTrip from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, December 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of MakeMyTrip in a research note on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.33.

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.