William Blair Investment Management LLC Has $4.08 Million Position in MakeMyTrip Limited $MMYT

William Blair Investment Management LLC lowered its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 93.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,652 shares of the technology company’s stock after selling 728,932 shares during the quarter. William Blair Investment Management LLC’s holdings in MakeMyTrip were worth $4,077,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group grew its holdings in MakeMyTrip by 12.2% during the third quarter. Schroder Investment Management Group now owns 6,316,976 shares of the technology company’s stock valued at $591,269,000 after purchasing an additional 688,957 shares during the period. Baillie Gifford & Co. grew its holdings in MakeMyTrip by 2.3% during the fourth quarter. Baillie Gifford & Co. now owns 5,155,036 shares of the technology company’s stock valued at $423,332,000 after purchasing an additional 114,975 shares during the period. Artisan Partners Limited Partnership grew its holdings in MakeMyTrip by 7.9% during the third quarter. Artisan Partners Limited Partnership now owns 2,281,492 shares of the technology company’s stock valued at $213,548,000 after purchasing an additional 166,456 shares during the period. Capital International Investors grew its holdings in MakeMyTrip by 22.1% during the third quarter. Capital International Investors now owns 1,717,783 shares of the technology company’s stock valued at $160,784,000 after purchasing an additional 310,627 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in MakeMyTrip by 112.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,563,877 shares of the technology company’s stock valued at $128,426,000 after purchasing an additional 826,143 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

Shares of MMYT opened at $42.32 on Wednesday. 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 Limited has a twelve month low of $32.67 and a twelve month high of $105.23. The firm’s 50 day moving average price is $43.63 and its two-hundred day moving average price is $60.21. The firm has a market cap of $4.71 billion, a P/E ratio of 169.28 and a beta of 1.03.

Analyst Ratings Changes

MMYT has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of MakeMyTrip in a report on Tuesday, January 27th. Wall Street Zen upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of MakeMyTrip in a research note on Thursday, May 7th. Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a research note on Tuesday, May 19th. Finally, Zacks Research lowered shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Five 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. According to MarketBeat.com, MakeMyTrip presently has a consensus rating of “Moderate Buy” and a consensus 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.