41,560 Shares in MakeMyTrip Limited $MMYT Acquired by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC purchased a new stake in MakeMyTrip Limited (NASDAQ:MMYT) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 41,560 shares of the technology company’s stock, valued at approximately $3,890,000.

A number of other hedge funds have also recently made changes to their positions in MMYT. Osaic Holdings Inc. raised its position 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 buying an additional 188 shares in the last quarter. Signaturefd LLC increased its stake in MakeMyTrip by 23.3% in the 2nd quarter. Signaturefd LLC now owns 1,147 shares of the technology company’s stock worth $112,000 after acquiring an additional 217 shares during the last quarter. Atria Investments Inc raised its holdings in shares of MakeMyTrip by 5.8% in the 2nd quarter. Atria Investments Inc now owns 4,705 shares of the technology company’s stock valued at $461,000 after acquiring an additional 256 shares in the last quarter. IFP Advisors Inc boosted its position in shares of MakeMyTrip by 3.0% during the 2nd quarter. IFP Advisors Inc now owns 9,239 shares of the technology company’s stock valued at $906,000 after acquiring an additional 266 shares during the last quarter. Finally, WPG Advisers LLC purchased a new position in shares of MakeMyTrip during the first quarter worth about $28,000. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MMYT has been the topic of a number of recent analyst reports. Weiss Ratings assumed coverage on shares of MakeMyTrip in a research note on Thursday, October 30th. They issued a “hold (c)” rating on the stock. Wall Street Zen downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, MakeMyTrip currently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

MakeMyTrip Stock Up 3.1%

Shares of MMYT opened at $86.39 on Friday. MakeMyTrip Limited has a 1 year low of $69.69 and a 1 year high of $122.35. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.91 and a quick ratio of 1.91. The stock has a 50 day simple moving average of $79.69 and a two-hundred day simple moving average of $90.98. The firm has a market cap of $9.61 billion, a P/E ratio of 134.99 and a beta of 0.70.

MakeMyTrip Company 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.