77,600 Shares in MakeMyTrip Limited $MMYT Purchased by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 77,600 shares of the technology company’s stock, valued at approximately $6,373,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. GeoWealth Management LLC increased its stake in shares of MakeMyTrip by 4.6% during the 3rd quarter. GeoWealth Management LLC now owns 3,861 shares of the technology company’s stock worth $361,000 after purchasing an additional 169 shares in the last quarter. Capital International Sarl increased its stake in shares of MakeMyTrip by 0.5% during the 3rd quarter. Capital International Sarl now owns 37,903 shares of the technology company’s stock worth $3,548,000 after purchasing an additional 179 shares in the last quarter. Osaic Holdings Inc. increased 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 worth $199,000 after purchasing an additional 188 shares in the last quarter. Stone House Investment Management LLC increased its stake in shares of 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 in the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in shares of 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 purchasing an additional 278 shares in the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MMYT shares. Citigroup reissued a “buy” rating on shares of MakeMyTrip in a research note on Tuesday, May 19th. Zacks Research lowered shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group restated a “buy” rating on shares of MakeMyTrip in a research report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.00.

MakeMyTrip Stock Up 3.4%

Shares of MMYT opened at $43.15 on Friday. The firm has a market cap of $4.80 billion, a PE ratio of 172.60 and a beta of 1.01. The company’s fifty day moving average is $44.61 and its two-hundred day moving average is $57.43. MakeMyTrip Limited has a fifty-two week low of $32.67 and a fifty-two 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.

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.