55,000 Shares in MakeMyTrip Limited $MMYT Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in MakeMyTrip Limited (NASDAQ:MMYT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 55,000 shares of the technology company’s stock, valued at approximately $4,512,000.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of MakeMyTrip by 11.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,755 shares of the technology company’s stock worth $1,642,000 after acquiring an additional 1,721 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of MakeMyTrip by 24.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,424 shares of the technology company’s stock valued at $336,000 after purchasing an additional 679 shares in the last quarter. Nebula Research & Development LLC increased its stake in shares of MakeMyTrip by 9.2% in the 2nd quarter. Nebula Research & Development LLC now owns 15,890 shares of the technology company’s stock valued at $1,558,000 after purchasing an additional 1,345 shares in the last quarter. Sei Investments Co. raised its holdings 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 raised its holdings 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 and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Price Performance

Shares of NASDAQ MMYT opened at $58.02 on Friday. The business has a 50-day moving average of $47.54 and a two-hundred day moving average of $54.07. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 232.08 and a beta of 0.98. MakeMyTrip Limited has a 1 year low of $32.67 and a 1 year high of $104.99.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MMYT. Wall Street Zen raised MakeMyTrip from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research cut shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. HSBC began coverage on MakeMyTrip in a research report on Thursday, July 2nd. They issued a “buy” rating and a $70.00 target price on the stock. Citigroup restated a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. Finally, The Goldman Sachs Group set a $84.00 target price on MakeMyTrip in a report on Saturday, June 27th. Five research 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. According to data from MarketBeat, MakeMyTrip presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.75.

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.