MakeMyTrip Limited $MMYT Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 96.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,245 shares of the technology company’s stock after acquiring an additional 78,538 shares during the period. BNP Paribas Financial Markets’ holdings in MakeMyTrip were worth $13,159,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MMYT. Schroder Investment Management Group boosted its position in shares of MakeMyTrip by 12.2% during the third 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 period. Baillie Gifford & Co. boosted its position in shares of MakeMyTrip by 2.3% during the fourth 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 period. Artisan Partners Limited Partnership lifted its position in MakeMyTrip by 7.9% in the third quarter. Artisan Partners Limited Partnership now owns 2,281,492 shares of the technology company’s stock worth $213,548,000 after purchasing an additional 166,456 shares during the period. Capital International Investors lifted its position in MakeMyTrip by 22.1% in the third quarter. Capital International Investors now owns 1,717,783 shares of the technology company’s stock worth $160,784,000 after purchasing an additional 310,627 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in MakeMyTrip by 112.0% in the fourth 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 period. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

MakeMyTrip Price Performance

NASDAQ MMYT opened at $44.09 on Monday. The stock has a market capitalization of $4.91 billion, a P/E ratio of 176.36 and a beta of 1.01. MakeMyTrip Limited has a 1 year low of $32.67 and a 1 year high of $104.99. The business’s fifty day moving average is $44.23 and its two-hundred day moving average is $58.46. The company has a debt-to-equity ratio of 38.85, a quick ratio of 3.05 and a current ratio of 3.05.

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.