C WorldWide Group Holding A S Has $9.54 Million Holdings in MakeMyTrip Limited $MMYT

C WorldWide Group Holding A S cut its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 15.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,215 shares of the technology company’s stock after selling 20,722 shares during the quarter. C WorldWide Group Holding A S’s holdings in MakeMyTrip were worth $9,544,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Parallel Advisors LLC increased its position in shares of MakeMyTrip by 244.8% during the third quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after buying an additional 284 shares during the period. Stone House Investment Management LLC increased its position in shares of MakeMyTrip by 50.0% during the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after buying an additional 200 shares during the period. Rakuten Securities Inc. increased its position in shares of MakeMyTrip by 893.9% during the fourth quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock worth $54,000 after buying an additional 590 shares during the period. Jones Financial Companies Lllp increased its position in shares of MakeMyTrip by 4,420.0% during the third quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock worth $86,000 after buying an additional 884 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in MakeMyTrip by 33.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,097 shares of the technology company’s stock worth $90,000 after acquiring an additional 278 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MMYT has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of MakeMyTrip in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of MakeMyTrip in a research note on Tuesday, January 27th. Wall Street Zen lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Finally, Citigroup cut their target price on shares of MakeMyTrip from $96.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $101.00.

MakeMyTrip Price Performance

Shares of NASDAQ MMYT opened at $47.84 on Monday. The firm has a market cap of $5.32 billion, a PE ratio of 99.67, a P/E/G ratio of 1.94 and a beta of 1.03. MakeMyTrip Limited has a 12-month low of $32.67 and a 12-month high of $110.59. The company’s fifty day simple moving average is $45.65 and its 200 day simple moving average is $63.92. The company has a quick ratio of 1.85, a current ratio of 1.85 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.