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

Keystone Investors PTE Ltd. bought a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 77,600 shares of the technology company’s stock, valued at approximately $6,373,000. Keystone Investors PTE Ltd. owned approximately 0.07% of MakeMyTrip at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 valued at $1,642,000 after acquiring an additional 1,721 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in MakeMyTrip by 24.7% in the second quarter. Daiwa Securities Group Inc. now owns 3,424 shares of the technology company’s stock valued at $336,000 after acquiring an additional 679 shares in the last quarter. Nebula Research & Development LLC boosted its stake in MakeMyTrip by 9.2% in the second quarter. Nebula Research & Development LLC now owns 15,890 shares of the technology company’s stock valued at $1,558,000 after acquiring an additional 1,345 shares in the last quarter. Sei Investments Co. boosted its stake in MakeMyTrip by 14.9% in the second quarter. Sei Investments Co. now owns 520,853 shares of the technology company’s stock valued at $51,054,000 after acquiring an additional 67,367 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake 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 valued at $19,712,000 after acquiring an additional 104,641 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analyst Ratings Changes

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

MakeMyTrip Trading Up 3.4%

NASDAQ MMYT opened at $43.15 on Friday. The stock has a market capitalization of $4.80 billion, a P/E ratio of 172.60 and a beta of 1.01. MakeMyTrip Limited has a 52-week low of $32.67 and a 52-week high of $104.99. The firm has a 50-day moving average price of $44.61 and a 200 day moving average price of $57.43. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 38.85.

About MakeMyTrip

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.