Eurizon SLJ Capital Ltd Makes New Investment in MakeMyTrip Limited $MMYT

Eurizon SLJ Capital Ltd bought a new position in MakeMyTrip Limited (NASDAQ:MMYT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 33,305 shares of the technology company’s stock, valued at approximately $2,735,000. MakeMyTrip comprises approximately 1.1% of Eurizon SLJ Capital Ltd’s holdings, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Schroder Investment Management Group lifted its position in MakeMyTrip by 12.2% during the third quarter. Schroder Investment Management Group now owns 6,316,976 shares of the technology company’s stock valued at $591,269,000 after purchasing an additional 688,957 shares during the period. Baillie Gifford & Co. lifted its position in MakeMyTrip by 2.3% during the fourth quarter. Baillie Gifford & Co. now owns 5,155,036 shares of the technology company’s stock valued at $423,332,000 after purchasing an additional 114,975 shares during the period. Artisan Partners Limited Partnership lifted its position in MakeMyTrip by 7.9% during the third quarter. Artisan Partners Limited Partnership now owns 2,281,492 shares of the technology company’s stock valued at $213,548,000 after purchasing an additional 166,456 shares during the period. Capital International Investors lifted its position in MakeMyTrip by 22.1% during the third quarter. Capital International Investors now owns 1,717,783 shares of the technology company’s stock valued at $160,784,000 after purchasing an additional 310,627 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in MakeMyTrip by 112.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,563,877 shares of the technology company’s stock valued at $128,426,000 after purchasing an additional 826,143 shares during the period. Institutional investors own 51.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MMYT. The Goldman Sachs Group restated a “buy” rating on shares of MakeMyTrip in a research report on Thursday, May 7th. Zacks Research downgraded shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Citigroup restated a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $101.00.

MakeMyTrip Stock Down 1.2%

Shares of MMYT stock opened at $46.74 on Friday. MakeMyTrip Limited has a 12 month low of $32.67 and a 12 month high of $104.99. The stock has a market cap of $5.20 billion, a P/E ratio of 186.96 and a beta of 1.03. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 38.85. The company has a 50 day simple moving average of $43.72 and a two-hundred day simple moving average of $59.66.

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.