Janus Henderson Group PLC Boosts Stock Holdings in MakeMyTrip Limited $MMYT

Janus Henderson Group PLC lifted its position in MakeMyTrip Limited (NASDAQ:MMYT) by 23.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,787 shares of the technology company’s stock after acquiring an additional 22,622 shares during the quarter. Janus Henderson Group PLC’s holdings in MakeMyTrip were worth $4,396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group boosted its holdings in MakeMyTrip by 13.8% during the fourth quarter. Schroder Investment Management Group now owns 7,186,704 shares of the technology company’s stock worth $590,172,000 after purchasing an additional 869,728 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of 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 purchasing an additional 114,975 shares during the period. Royal Bank of Canada lifted its stake in MakeMyTrip by 53.8% in the first quarter. Royal Bank of Canada now owns 3,498,642 shares of the technology company’s stock valued at $130,464,000 after purchasing an additional 1,223,963 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in MakeMyTrip by 17.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,448,388 shares of the technology company’s stock valued at $201,064,000 after purchasing an additional 371,066 shares during the period. Finally, Wasatch Advisors LP grew its holdings in MakeMyTrip by 64.2% during the first quarter. Wasatch Advisors LP now owns 2,339,741 shares of the technology company’s stock valued at $87,249,000 after purchasing an additional 914,402 shares during the period. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

Shares of NASDAQ MMYT opened at $60.05 on Friday. MakeMyTrip Limited has a fifty-two week low of $32.67 and a fifty-two week high of $104.43. The stock has a market cap of $5.65 billion, a PE ratio of 500.42 and a beta of 0.98. The stock has a fifty day moving average of $51.86 and a 200-day moving average of $50.49.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. HSBC began coverage on MakeMyTrip in a research report on Thursday, July 2nd. They issued a “buy” rating and a $70.00 target price for the company. Zacks Research raised MakeMyTrip from a “strong sell” rating to a “strong-buy” rating in a report on Monday, July 20th. Citigroup restated 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 report on Sunday, July 12th. Finally, The Goldman Sachs Group set a $84.00 target price on shares of MakeMyTrip in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $86.75.

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.