Nomura Asset Management Co. Ltd. Boosts Stock Holdings in MakeMyTrip Limited $MMYT

Nomura Asset Management Co. Ltd. grew its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 24.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 381,470 shares of the technology company’s stock after acquiring an additional 73,890 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.34% of MakeMyTrip worth $31,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of MakeMyTrip in the 4th quarter worth about $90,284,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of MakeMyTrip by 112.0% in 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 buying an additional 826,143 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of MakeMyTrip by 12.2% in the 3rd 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 last quarter. Man Group plc boosted its holdings in shares of MakeMyTrip by 6,434.6% in the 2nd quarter. Man Group plc now owns 632,747 shares of the technology company’s stock worth $62,022,000 after buying an additional 623,064 shares during the last quarter. Finally, Coronation Fund Managers Ltd. boosted its holdings in shares of MakeMyTrip by 233.0% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 865,168 shares of the technology company’s stock worth $80,980,000 after buying an additional 605,388 shares during the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

MakeMyTrip Price Performance

NASDAQ MMYT opened at $47.32 on Tuesday. The company has a market cap of $5.26 billion, a PE ratio of 189.28 and a beta of 1.03. MakeMyTrip Limited has a 52 week low of $32.67 and a 52 week high of $104.99. 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 firm’s 50-day simple moving average is $43.81 and its two-hundred day simple moving average is $59.32.

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.