C WorldWide Group Holding A S Boosts Stock Position in MakeMyTrip Limited $MMYT

C WorldWide Group Holding A S raised its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 10.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,029 shares of the technology company’s stock after purchasing an additional 11,814 shares during the period. C WorldWide Group Holding A S owned about 0.12% of MakeMyTrip worth $4,774,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GeoWealth Management LLC increased its stake in shares of MakeMyTrip by 4.6% in the third quarter. GeoWealth Management LLC now owns 3,861 shares of the technology company’s stock worth $361,000 after buying an additional 169 shares during the last quarter. Osaic Holdings Inc. boosted its stake in MakeMyTrip by 10.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company’s stock valued at $199,000 after acquiring an additional 188 shares during the last quarter. Stone House Investment Management LLC boosted its stake in MakeMyTrip by 50.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock valued at $49,000 after acquiring an additional 200 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in MakeMyTrip by 33.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,097 shares of the technology company’s stock worth $90,000 after acquiring an additional 278 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings 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 acquiring an additional 284 shares in the last quarter. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

MakeMyTrip Price Performance

MMYT 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. MakeMyTrip Limited has a 1-year low of $32.67 and a 1-year high of $104.99. The firm has a fifty day moving average price of $48.32 and a two-hundred day moving average price of $53.06.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MMYT. The Goldman Sachs Group set a $84.00 target price on shares of MakeMyTrip in a research note on Saturday, June 27th. HSBC initiated coverage on MakeMyTrip in a research note on Thursday, July 2nd. They issued a “buy” rating and a $70.00 price target for the company. Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Zacks Research cut MakeMyTrip from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.75.

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.