Zevenbergen Capital Investments LLC Acquires 22,225 Shares of MakeMyTrip Limited $MMYT

Zevenbergen Capital Investments LLC raised its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 53.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,785 shares of the technology company’s stock after acquiring an additional 22,225 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in MakeMyTrip were worth $5,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of MMYT. Parallel Advisors LLC lifted its position in MakeMyTrip by 244.8% during the third quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after purchasing an additional 284 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of MakeMyTrip by 4,420.0% in the third quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock worth $86,000 after buying an additional 884 shares during the period. Advisory Services Network LLC purchased a new position in shares of MakeMyTrip during the 3rd quarter valued at about $124,000. Banque Cantonale Vaudoise purchased a new position in shares of MakeMyTrip during the 3rd quarter valued at about $168,000. Finally, Osaic Holdings Inc. grew its stake in shares of 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 period. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on MMYT shares. Morgan Stanley reiterated an “overweight” rating on shares of MakeMyTrip in a research report on Wednesday, December 31st. Citigroup cut their price target on MakeMyTrip from $108.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. Finally, Bank of America lowered their price target on MakeMyTrip from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, December 24th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.33.

MakeMyTrip Trading Up 0.2%

Shares of MMYT stock opened at $36.37 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 38.85. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 75.77, a price-to-earnings-growth ratio of 1.25 and a beta of 0.64. MakeMyTrip Limited has a 12-month low of $32.67 and a 12-month high of $113.85. The stock’s 50-day moving average price is $53.56 and its 200-day moving average price is $73.08.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings results on Wednesday, January 21st. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%.The company had revenue of $295.70 million during the quarter, compared to analyst estimates of $306.29 million. Equities research analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

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.