WFM ASIA BVI Ltd Buys New Stake in MakeMyTrip Limited $MMYT

WFM ASIA BVI Ltd bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 597,600 shares of the technology company’s stock, valued at approximately $49,075,000. MakeMyTrip comprises 6.1% of WFM ASIA BVI Ltd’s holdings, making the stock its 6th biggest holding. WFM ASIA BVI Ltd owned approximately 0.54% of MakeMyTrip at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GeoWealth Management LLC raised its stake in shares of MakeMyTrip by 4.6% in the third quarter. GeoWealth Management LLC now owns 3,861 shares of the technology company’s stock worth $361,000 after acquiring an additional 169 shares during the last quarter. Capital International Sarl raised its stake in shares of MakeMyTrip by 0.5% in the third quarter. Capital International Sarl now owns 37,903 shares of the technology company’s stock worth $3,548,000 after acquiring an additional 179 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of MakeMyTrip by 10.2% in the second quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company’s stock worth $199,000 after acquiring an additional 188 shares during the last quarter. Stone House Investment Management LLC raised its stake in shares of MakeMyTrip by 50.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after acquiring an additional 200 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in shares of MakeMyTrip by 33.9% in 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 during the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Stock Up 6.9%

Shares of NASDAQ:MMYT opened at $41.74 on Friday. MakeMyTrip Limited has a one year low of $32.67 and a one year high of $104.99. The company has a 50 day moving average of $44.50 and a 200-day moving average of $57.53. The company has a debt-to-equity ratio of 38.85, a current ratio of 3.05 and a quick ratio of 3.05. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 166.96 and a beta of 1.01.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Zacks Research downgraded shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Citigroup reaffirmed 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 reiterated a “buy” rating on shares of MakeMyTrip in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $101.00.

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.