Axiom Investors LLC DE Sells 171,828 Shares of MakeMyTrip Limited $MMYT

Axiom Investors LLC DE cut its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 54.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,284 shares of the technology company’s stock after selling 171,828 shares during the period. Axiom Investors LLC DE’s holdings in MakeMyTrip were worth $11,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in MakeMyTrip by 11.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,755 shares of the technology company’s stock worth $1,642,000 after buying an additional 1,721 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of MakeMyTrip by 24.7% during the second quarter. Daiwa Securities Group Inc. now owns 3,424 shares of the technology company’s stock valued at $336,000 after purchasing an additional 679 shares during the period. Nebula Research & Development LLC boosted its stake in shares of MakeMyTrip by 9.2% during the second quarter. Nebula Research & Development LLC now owns 15,890 shares of the technology company’s stock valued at $1,558,000 after purchasing an additional 1,345 shares during the period. Sei Investments Co. boosted its stake in shares of MakeMyTrip by 14.9% during the second quarter. Sei Investments Co. now owns 520,853 shares of the technology company’s stock valued at $51,054,000 after purchasing an additional 67,367 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of MakeMyTrip by 108.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 201,101 shares of the technology company’s stock valued at $19,712,000 after purchasing an additional 104,641 shares during the period. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Price Performance

Shares of MakeMyTrip stock opened at $41.03 on Wednesday. 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 company has a market cap of $4.56 billion, a PE ratio of 164.12 and a beta of 1.01. The business has a 50 day moving average of $44.36 and a 200 day moving average of $58.00. MakeMyTrip Limited has a 52 week low of $32.67 and a 52 week high of $104.99.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. Zacks Research lowered MakeMyTrip from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group reissued a “buy” rating on shares of MakeMyTrip in a research note on Thursday, May 7th. Finally, Citigroup reissued a “buy” rating on shares of MakeMyTrip in a research note on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $101.00.

About MakeMyTrip

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.