C WorldWide Group Holding A S Sells 26,191 Shares of MakeMyTrip Limited $MMYT

C WorldWide Group Holding A S lessened its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 16.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,937 shares of the technology company’s stock after selling 26,191 shares during the quarter. C WorldWide Group Holding A S owned 0.12% of MakeMyTrip worth $12,817,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. bought a new stake in MakeMyTrip during the 3rd quarter worth approximately $5,493,000. Allianz Asset Management GmbH lifted its position in shares of MakeMyTrip by 79.8% during the third quarter. Allianz Asset Management GmbH now owns 655,088 shares of the technology company’s stock valued at $61,316,000 after purchasing an additional 290,799 shares in the last quarter. Jones Financial Companies Lllp increased its stake in MakeMyTrip by 4,420.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock valued at $86,000 after buying an additional 884 shares during the last quarter. State of Wyoming grew its holdings in shares of MakeMyTrip by 233.4% in the third quarter. State of Wyoming now owns 3,257 shares of the technology company’s stock valued at $305,000 after acquiring an additional 2,280 shares in the last quarter. Finally, Flossbach Von Storch SE lifted its holdings in MakeMyTrip by 97.4% during the third quarter. Flossbach Von Storch SE now owns 37,500 shares of the technology company’s stock worth $3,510,000 after acquiring an additional 18,500 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MMYT. Citigroup cut their price target on shares of MakeMyTrip from $108.00 to $96.00 and set a “buy” rating on the stock in a report on Wednesday, January 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of MakeMyTrip in a research report on Wednesday, December 31st. Bank of America reduced their target price on shares of MakeMyTrip from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of MakeMyTrip in a research note on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, MakeMyTrip currently has a consensus rating of “Moderate Buy” and an average price target of $106.33.

MakeMyTrip Stock Performance

NASDAQ MMYT opened at $57.09 on Friday. The stock has a market capitalization of $6.35 billion, a PE ratio of 118.94, a P/E/G ratio of 1.91 and a beta of 0.64. MakeMyTrip Limited has a 1 year low of $53.09 and a 1 year high of $120.19. The company’s 50 day simple moving average is $75.11 and its two-hundred day simple moving average is $85.74. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.85 and a quick ratio of 1.85.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, January 21st. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%.The company had revenue of $295.70 million for the quarter, compared to the consensus estimate of $306.29 million. Analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

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.