Capital Research Global Investors Buys New Holdings in MakeMyTrip Limited $MMYT

Capital Research Global Investors bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,827,439 shares of the technology company’s stock, valued at approximately $150,069,000. Capital Research Global Investors owned about 1.64% of MakeMyTrip as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of MMYT. Leonteq Securities AG acquired a new stake in MakeMyTrip in the 4th quarter valued at about $29,000. Parallel Advisors LLC lifted its stake in MakeMyTrip by 244.8% in the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after purchasing an additional 284 shares during the last quarter. Stone House Investment Management LLC lifted its stake in MakeMyTrip by 50.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock valued at $49,000 after purchasing an additional 200 shares during the last quarter. Rakuten Securities Inc. lifted its stake in MakeMyTrip by 893.9% in the 4th quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock valued at $54,000 after purchasing an additional 590 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in MakeMyTrip by 4,420.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock valued at $86,000 after purchasing an additional 884 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MMYT shares. Citigroup reiterated a “buy” rating on shares of MakeMyTrip in a research note on Tuesday, May 19th. The Goldman Sachs Group restated a “buy” rating on shares of MakeMyTrip in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st. Finally, Zacks Research downgraded shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Five investment 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.00.

MakeMyTrip Trading Down 5.4%

Shares of MMYT stock opened at $41.70 on Tuesday. The firm has a 50 day moving average price of $44.27 and a two-hundred day moving average price of $58.23. 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 capitalization of $4.64 billion, a PE ratio of 166.80 and a beta of 1.01. MakeMyTrip Limited has a 12-month low of $32.67 and a 12-month high of $104.99.

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.