Wasatch Advisors LP Increases Holdings in MakeMyTrip Limited $MMYT

Wasatch Advisors LP grew its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 64.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,339,741 shares of the technology company’s stock after acquiring an additional 914,402 shares during the period. Wasatch Advisors LP’s holdings in MakeMyTrip were worth $87,249,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of MakeMyTrip by 11.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,755 shares of the technology company’s stock worth $1,642,000 after purchasing an additional 1,721 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in MakeMyTrip by 24.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,424 shares of the technology company’s stock worth $336,000 after purchasing an additional 679 shares in the last quarter. Nebula Research & Development LLC lifted its holdings in MakeMyTrip by 9.2% in the 2nd quarter. Nebula Research & Development LLC now owns 15,890 shares of the technology company’s stock worth $1,558,000 after purchasing an additional 1,345 shares in the last quarter. Sei Investments Co. boosted its stake in MakeMyTrip by 14.9% in the 2nd quarter. Sei Investments Co. now owns 520,853 shares of the technology company’s stock worth $51,054,000 after purchasing an additional 67,367 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in MakeMyTrip by 108.5% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 201,101 shares of the technology company’s stock worth $19,712,000 after purchasing an additional 104,641 shares during the period. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Price Performance

NASDAQ:MMYT opened at $53.49 on Friday. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 38.85. The company has a market capitalization of $5.95 billion, a P/E ratio of 213.96 and a beta of 1.01. MakeMyTrip Limited has a 12 month low of $32.67 and a 12 month high of $104.99. The business’s 50-day moving average is $45.84 and its 200 day moving average is $55.73.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MMYT. Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. Zacks Research downgraded shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a 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 raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $96.50.

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.