Thornburg Investment Management Inc. Acquires Shares of 159,711 MakeMyTrip Limited $MMYT

Thornburg Investment Management Inc. acquired a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 159,711 shares of the technology company’s stock, valued at approximately $13,115,000. Thornburg Investment Management Inc. owned approximately 0.14% of MakeMyTrip as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MMYT. Capital Research Global Investors acquired a new stake in MakeMyTrip during the fourth quarter valued at approximately $150,069,000. Norges Bank acquired a new stake in MakeMyTrip during the fourth quarter valued at approximately $90,284,000. Schroder Investment Management Group raised its stake in MakeMyTrip by 13.8% during the fourth quarter. Schroder Investment Management Group now owns 7,186,704 shares of the technology company’s stock valued at $590,172,000 after buying an additional 869,728 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in MakeMyTrip by 112.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,563,877 shares of the technology company’s stock valued at $128,426,000 after buying an additional 826,143 shares in the last quarter. Finally, Man Group plc raised its stake in MakeMyTrip by 6,434.6% during the second quarter. Man Group plc now owns 632,747 shares of the technology company’s stock valued at $62,022,000 after buying an additional 623,064 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analyst Weigh In

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

MakeMyTrip Price Performance

NASDAQ:MMYT opened at $43.15 on Monday. The firm has a market capitalization of $4.80 billion, a PE ratio of 172.60 and a beta of 1.01. The stock has a 50 day moving average of $44.61 and a 200-day moving average of $57.33. MakeMyTrip Limited has a 52 week low of $32.67 and a 52 week high of $104.99. The company has a current ratio of 3.05, a quick 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.