Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 17,829 Shares of MakeMyTrip Limited $MMYT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 58.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,561 shares of the technology company’s stock after buying an additional 17,829 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in MakeMyTrip were worth $1,811,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MMYT. Schroder Investment Management Group increased its stake in MakeMyTrip by 13.8% in the 4th quarter. Schroder Investment Management Group now owns 7,186,704 shares of the technology company’s stock worth $590,172,000 after buying an additional 869,728 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of MakeMyTrip by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 5,155,036 shares of the technology company’s stock valued at $423,332,000 after acquiring an additional 114,975 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of MakeMyTrip by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,448,388 shares of the technology company’s stock valued at $201,064,000 after acquiring an additional 371,066 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of MakeMyTrip by 64.2% in the first quarter. Wasatch Advisors LP now owns 2,339,741 shares of the technology company’s stock worth $87,249,000 after acquiring an additional 914,402 shares during the period. Finally, Artisan Partners Limited Partnership boosted its stake in shares of MakeMyTrip by 1.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,322,204 shares of the technology company’s stock worth $190,699,000 after acquiring an additional 40,712 shares during the period. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Down 1.9%

Shares of MakeMyTrip stock opened at $54.20 on Friday. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 216.80 and a beta of 0.98. The business has a 50-day moving average price of $48.32 and a 200-day moving average price of $53.06. MakeMyTrip Limited has a twelve month low of $32.67 and a twelve month high of $104.99.

Analyst Ratings Changes

MMYT has been the subject of several research analyst reports. Citigroup reissued a “buy” rating on shares of MakeMyTrip in a research note on Tuesday, May 19th. Zacks Research downgraded MakeMyTrip from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Wall Street Zen downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. HSBC assumed coverage on shares of MakeMyTrip in a report on Thursday, July 2nd. They set a “buy” rating and a $70.00 price objective for the company. Finally, The Goldman Sachs Group set a $84.00 price objective on shares of MakeMyTrip in a research report on Saturday, June 27th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.75.

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.