Capital International Inc. CA Increases Stock Position in MakeMyTrip Limited $MMYT

Capital International Inc. CA grew its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 14.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 531,303 shares of the technology company’s stock after buying an additional 68,487 shares during the quarter. Capital International Inc. CA’s holdings in MakeMyTrip were worth $43,631,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MMYT. Leonteq Securities AG purchased a new stake in MakeMyTrip during the 4th quarter worth $29,000. Parallel Advisors LLC boosted its position in MakeMyTrip by 244.8% during the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after purchasing an additional 284 shares during the period. Stone House Investment Management LLC boosted its position in MakeMyTrip by 50.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after purchasing an additional 200 shares during the period. Rakuten Securities Inc. boosted its position in MakeMyTrip by 893.9% during the 4th quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock worth $54,000 after purchasing an additional 590 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in MakeMyTrip by 4,420.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock worth $86,000 after purchasing an additional 884 shares during the period. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Stock Performance

Shares of MMYT stock opened at $44.09 on Friday. MakeMyTrip Limited has a 12 month low of $32.67 and a 12 month high of $104.99. The company has a debt-to-equity ratio of 38.85, a current ratio of 3.05 and a quick ratio of 3.05. The firm has a market capitalization of $4.91 billion, a P/E ratio of 176.36 and a beta of 1.01. The company’s fifty day moving average price is $44.23 and its two-hundred day moving average price is $58.56.

Analyst Ratings Changes

A number of brokerages recently weighed in on MMYT. The Goldman Sachs Group reaffirmed a “buy” rating on shares of MakeMyTrip in a research report on Thursday, May 7th. Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st. Zacks Research cut shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip 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. According to MarketBeat.com, MakeMyTrip currently has an average rating of “Moderate Buy” and a consensus target price of $101.00.

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.