MakeMyTrip Limited $MMYT Shares Purchased by Capital International Inc. CA

Capital International Inc. CA increased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 14.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 531,303 shares of the technology company’s stock after purchasing an additional 68,487 shares during the period. Capital International Inc. CA owned 0.48% of MakeMyTrip worth $43,631,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MMYT. Norges Bank acquired a new position in shares of MakeMyTrip during the 4th quarter worth approximately $90,284,000. Massachusetts Financial Services Co. MA raised its position in shares of 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 purchasing an additional 826,143 shares during the last quarter. Schroder Investment Management Group raised its position in shares of 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 purchasing an additional 688,957 shares during the last quarter. Man Group plc raised its position in shares of 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 purchasing an additional 623,064 shares during the last quarter. Finally, Coronation Fund Managers Ltd. raised its position in shares of 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 purchasing an additional 605,388 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MMYT. Citigroup reiterated a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. The Goldman Sachs Group reiterated a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Wall Street Zen downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. Finally, Zacks Research downgraded MakeMyTrip from a “hold” rating to a “strong sell” rating in a 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

MakeMyTrip Stock Down 2.4%

Shares of NASDAQ MMYT opened at $44.09 on Friday. MakeMyTrip Limited has a 52-week low of $32.67 and a 52-week high of $104.99. The firm has a fifty day moving average of $44.23 and a 200-day moving average of $58.56. The stock has a market capitalization of $4.91 billion, a PE ratio of 176.36 and a beta of 1.01. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 38.85.

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.