MakeMyTrip Limited $MMYT Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP increased its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 5.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,473,464 shares of the technology company’s stock after acquiring an additional 133,723 shares during the quarter. Wasatch Advisors LP’s holdings in MakeMyTrip were worth $131,811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MMYT. Confluence Investment Management LLC acquired a new stake in MakeMyTrip during the second quarter worth approximately $249,000. Carmignac Gestion boosted its holdings in shares of MakeMyTrip by 38.4% in the 1st quarter. Carmignac Gestion now owns 30,428 shares of the technology company’s stock valued at $1,135,000 after buying an additional 8,435 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of MakeMyTrip by 23.8% in the 1st quarter. Janus Henderson Group PLC now owns 117,787 shares of the technology company’s stock valued at $4,396,000 after buying an additional 22,622 shares during the last quarter. Amundi grew its position in shares of MakeMyTrip by 16.6% in the 1st quarter. Amundi now owns 640,932 shares of the technology company’s stock valued at $23,900,000 after buying an additional 91,388 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in MakeMyTrip by 74.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 990 shares of the technology company’s stock worth $37,000 after acquiring an additional 422 shares in the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MMYT shares. The Goldman Sachs Group set a $84.00 price target on shares of MakeMyTrip in a research report on Saturday, June 27th. Wall Street Zen cut MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Zacks Research raised MakeMyTrip from a “strong sell” rating to a “strong-buy” rating in a report on Monday, July 20th. HSBC started coverage on MakeMyTrip in a research report on Thursday, July 2nd. They issued a “buy” rating and a $70.00 target price for the company. Finally, Citigroup restated a “buy” rating on shares of MakeMyTrip in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $86.75.

MakeMyTrip Price Performance

MakeMyTrip stock opened at $61.41 on Wednesday. The business has a 50 day simple moving average of $52.69 and a 200-day simple moving average of $50.26. MakeMyTrip Limited has a 12 month low of $32.67 and a 12 month high of $104.43. The stock has a market capitalization of $5.78 billion, a PE ratio of 511.75 and a beta of 0.98.

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.