Artisan Partners Limited Partnership Has $190.70 Million Stake in MakeMyTrip Limited $MMYT

Artisan Partners Limited Partnership increased its position in MakeMyTrip Limited (NASDAQ:MMYT) by 1.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,322,204 shares of the technology company’s stock after purchasing an additional 40,712 shares during the period. Artisan Partners Limited Partnership’s holdings in MakeMyTrip were worth $190,699,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Leonteq Securities AG purchased a new position in MakeMyTrip during the 4th quarter valued at about $29,000. Parallel Advisors LLC grew its stake in MakeMyTrip by 244.8% during the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after acquiring an additional 284 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in MakeMyTrip during the 4th quarter valued at about $46,000. Stone House Investment Management LLC grew its stake in MakeMyTrip by 50.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock valued at $49,000 after acquiring an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. grew its stake in MakeMyTrip by 893.9% during the 4th quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock valued at $54,000 after acquiring an additional 590 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Trading Up 0.5%

Shares of NASDAQ:MMYT opened at $45.68 on Wednesday. The firm has a fifty day moving average of $44.84 and a two-hundred day moving average of $56.96. The firm has a market capitalization of $5.08 billion, a P/E ratio of 182.72 and a beta of 1.01. MakeMyTrip Limited has a 12-month low of $32.67 and a 12-month high of $104.99. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 38.85.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of MakeMyTrip in a research note on Thursday, May 7th. Zacks Research lowered shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Wall Street Zen lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. Finally, Citigroup reissued a “buy” rating on shares of MakeMyTrip in a research note on Tuesday, May 19th. 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 stock. According to MarketBeat, MakeMyTrip currently 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.