Wasatch Advisors LP Increases Stock Holdings in MakeMyTrip Limited $MMYT

Wasatch Advisors LP raised its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 64.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,339,741 shares of the technology company’s stock after purchasing an additional 914,402 shares during the quarter. Wasatch Advisors LP owned 2.10% of MakeMyTrip worth $87,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of MakeMyTrip by 11.4% in 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 buying an additional 1,721 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in MakeMyTrip by 24.7% during the second quarter. Daiwa Securities Group Inc. now owns 3,424 shares of the technology company’s stock valued at $336,000 after buying an additional 679 shares during the last quarter. Nebula Research & Development LLC increased its holdings in MakeMyTrip by 9.2% during the second quarter. Nebula Research & Development LLC now owns 15,890 shares of the technology company’s stock valued at $1,558,000 after buying an additional 1,345 shares during the last quarter. Sei Investments Co. raised its position in MakeMyTrip by 14.9% in the second quarter. Sei Investments Co. now owns 520,853 shares of the technology company’s stock worth $51,054,000 after acquiring an additional 67,367 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in MakeMyTrip by 108.5% in the second 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 acquiring an additional 104,641 shares during the period. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Analyst Upgrades and Downgrades

MMYT has been the subject of a number of recent research reports. Zacks Research downgraded shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. Wall Street Zen upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.50.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $53.49 on Friday. 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 1-year low of $32.67 and a 1-year high of $104.99. The firm’s 50 day simple moving average is $45.84 and its two-hundred day simple moving average is $55.73. The company has a debt-to-equity ratio of 38.85, a current ratio of 3.05 and a quick ratio of 3.05.

MakeMyTrip 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.