40,353 Shares in MakeMyTrip Limited $MMYT Acquired by Dumac Inc.

Dumac Inc. purchased a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 40,353 shares of the technology company’s stock, valued at approximately $3,314,000. MakeMyTrip comprises 0.5% of Dumac Inc.’s holdings, making the stock its 4th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its stake 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 buying an additional 688,957 shares during the last quarter. Baillie Gifford & Co. grew its stake in MakeMyTrip by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 5,155,036 shares of the technology company’s stock worth $423,332,000 after buying an additional 114,975 shares during the last quarter. Artisan Partners Limited Partnership increased its position in MakeMyTrip by 7.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,281,492 shares of the technology company’s stock valued at $213,548,000 after acquiring an additional 166,456 shares during the period. Goldman Sachs Group Inc. increased its position in MakeMyTrip by 11.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,935,142 shares of the technology company’s stock valued at $158,914,000 after acquiring an additional 199,699 shares during the period. Finally, Capital International Investors increased its position in MakeMyTrip by 22.1% in the 3rd quarter. Capital International Investors now owns 1,717,783 shares of the technology company’s stock valued at $160,784,000 after acquiring an additional 310,627 shares during the period. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MMYT shares. Citigroup restated a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. Wall Street Zen cut MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Sunday. Zacks Research cut MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of MakeMyTrip in a research report on Thursday, May 7th. 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 MarketBeat.com, MakeMyTrip currently has an average rating of “Moderate Buy” and a consensus target price of $101.00.

MakeMyTrip Price Performance

Shares of MMYT opened at $44.39 on Thursday. MakeMyTrip Limited has a twelve month low of $32.67 and a twelve month high of $104.99. The stock’s 50 day moving average is $44.03 and its two-hundred day moving average is $58.89. The firm has a market capitalization of $4.94 billion, a PE ratio of 177.56 and a beta of 1.01. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 38.85.

MakeMyTrip Company 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.