159,711 Shares in MakeMyTrip Limited $MMYT Acquired by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. acquired a new position in MakeMyTrip Limited (NASDAQ:MMYT) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 159,711 shares of the technology company’s stock, valued at approximately $13,115,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Schroder Investment Management Group grew its holdings in MakeMyTrip by 13.8% in the 4th quarter. Schroder Investment Management Group now owns 7,186,704 shares of the technology company’s stock worth $590,172,000 after buying an additional 869,728 shares in the last quarter. Baillie Gifford & Co. grew its holdings in MakeMyTrip by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 5,155,036 shares of the technology company’s stock worth $423,332,000 after buying an additional 114,975 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in MakeMyTrip by 7.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,281,492 shares of the technology company’s stock worth $213,548,000 after buying an additional 166,456 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in MakeMyTrip by 11.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,935,142 shares of the technology company’s stock worth $158,914,000 after buying an additional 199,699 shares in the last quarter. Finally, Capital Research Global Investors bought a new position in MakeMyTrip in the 4th quarter worth approximately $150,069,000. 51.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Zacks Research downgraded MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Citigroup restated a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. Finally, Wall Street Zen downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st. Five equities 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 stock. Based on data from MarketBeat.com, MakeMyTrip presently has an average rating of “Moderate Buy” and an average price target of $101.00.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $43.15 on Monday. MakeMyTrip Limited has a one year low of $32.67 and a one year high of $104.99. The stock has a fifty day moving average of $44.61 and a 200-day moving average of $57.33. The company has a market capitalization of $4.80 billion, a PE ratio of 172.60 and a beta of 1.01. The company has a debt-to-equity ratio of 38.85, a quick ratio of 3.05 and a current ratio of 3.05.

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.