HighTower Advisors LLC Has $3.25 Million Stock Holdings in MakeMyTrip Limited $MMYT

HighTower Advisors LLC lessened its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 21.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 39,510 shares of the technology company’s stock after selling 10,956 shares during the period. HighTower Advisors LLC’s holdings in MakeMyTrip were worth $3,245,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MMYT. Massachusetts Financial Services Co. MA grew its holdings in MakeMyTrip by 112.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,563,877 shares of the technology company’s stock worth $128,426,000 after acquiring an additional 826,143 shares during the period. Schroder Investment Management Group grew its holdings in MakeMyTrip by 12.2% during the 3rd quarter. Schroder Investment Management Group now owns 6,316,976 shares of the technology company’s stock worth $591,269,000 after acquiring an additional 688,957 shares during the period. Man Group plc grew its holdings in MakeMyTrip by 6,434.6% during the 2nd quarter. Man Group plc now owns 632,747 shares of the technology company’s stock worth $62,022,000 after acquiring an additional 623,064 shares during the period. Coronation Fund Managers Ltd. grew its holdings in MakeMyTrip by 233.0% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 865,168 shares of the technology company’s stock worth $80,980,000 after acquiring an additional 605,388 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in MakeMyTrip by 140.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 952,418 shares of the technology company’s stock worth $77,994,000 after acquiring an additional 555,620 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

MMYT has been the subject of a number of analyst reports. 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 report on Sunday. Zacks Research lowered shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $101.00.

MakeMyTrip Price Performance

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 firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 186.96 and a beta of 1.03. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 38.85. The firm has a fifty day moving average of $43.72 and a 200-day 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.