M&T Bank Corp Makes New $1.37 Million Investment in MakeMyTrip Limited $MMYT

M&T Bank Corp bought a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the 4th quarter, Holdings Channel reports. The institutional investor bought 16,685 shares of the technology company’s stock, valued at approximately $1,370,000.

Several other hedge funds have also recently bought and sold shares of MMYT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in MakeMyTrip by 11.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,755 shares of the technology company’s stock worth $1,642,000 after buying an additional 1,721 shares during the period. Daiwa Securities Group Inc. raised its holdings in MakeMyTrip by 24.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,424 shares of the technology company’s stock worth $336,000 after buying an additional 679 shares during the period. Nebula Research & Development LLC raised its holdings in MakeMyTrip by 9.2% during the 2nd quarter. Nebula Research & Development LLC now owns 15,890 shares of the technology company’s stock worth $1,558,000 after buying an additional 1,345 shares during the period. Sei Investments Co. raised its holdings in MakeMyTrip by 14.9% during the 2nd quarter. Sei Investments Co. now owns 520,853 shares of the technology company’s stock worth $51,054,000 after buying an additional 67,367 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in MakeMyTrip by 108.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 201,101 shares of the technology company’s stock worth $19,712,000 after buying an additional 104,641 shares during the period. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Price Performance

NASDAQ MMYT opened at $47.84 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 38.85. MakeMyTrip Limited has a 12-month low of $32.67 and a 12-month high of $110.59. The company has a market capitalization of $5.32 billion, a PE ratio of 99.67, a price-to-earnings-growth ratio of 1.94 and a beta of 1.03. The firm’s 50 day moving average is $45.65 and its 200-day moving average is $63.92.

Wall Street Analysts Forecast Growth

MMYT has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of MakeMyTrip in a report on Tuesday, January 27th. Wall Street Zen downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Citigroup lowered their price objective on shares of MakeMyTrip from $96.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of MakeMyTrip in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

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.