WFM ASIA BVI Ltd Acquires New Holdings in MakeMyTrip Limited $MMYT

WFM ASIA BVI Ltd acquired a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 597,600 shares of the technology company’s stock, valued at approximately $49,075,000. MakeMyTrip accounts for 6.1% of WFM ASIA BVI Ltd’s investment portfolio, making the stock its 6th largest holding.

A number of other institutional investors have also recently bought and sold shares of the company. GeoWealth Management LLC grew its holdings in MakeMyTrip by 4.6% during the third quarter. GeoWealth Management LLC now owns 3,861 shares of the technology company’s stock valued at $361,000 after purchasing an additional 169 shares during the period. Capital International Sarl grew its holdings in MakeMyTrip by 0.5% during the third quarter. Capital International Sarl now owns 37,903 shares of the technology company’s stock valued at $3,548,000 after purchasing an additional 179 shares during the period. Osaic Holdings Inc. grew its holdings in MakeMyTrip by 10.2% during the second quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company’s stock valued at $199,000 after purchasing an additional 188 shares during the period. Stone House Investment Management LLC grew its holdings in MakeMyTrip by 50.0% during the fourth 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 period. Finally, SBI Securities Co. Ltd. grew its holdings in MakeMyTrip by 33.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,097 shares of the technology company’s stock valued at $90,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analysts Set New Price Targets

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

MakeMyTrip Stock Up 6.9%

MakeMyTrip stock opened at $41.74 on Friday. The stock has a market capitalization of $4.64 billion, a PE ratio of 166.96 and a beta of 1.01. MakeMyTrip Limited has a twelve month low of $32.67 and a twelve month 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 company has a 50 day moving average of $44.50 and a 200-day moving average of $57.53.

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.