Dumac Inc. Invests $3.31 Million in MakeMyTrip Limited $MMYT

Dumac Inc. purchased a new position in shares of MakeMyTrip Limited (NASDAQ:MMYT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 40,353 shares of the technology company’s stock, valued at approximately $3,314,000. MakeMyTrip makes up approximately 0.5% of Dumac Inc.’s portfolio, making the stock its 4th biggest position.

Several other institutional investors have also modified their holdings of MMYT. Norges Bank purchased a new stake in shares of MakeMyTrip during the 4th quarter worth approximately $90,284,000. Massachusetts Financial Services Co. MA boosted its stake in shares of MakeMyTrip by 112.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,563,877 shares of the technology company’s stock worth $128,426,000 after acquiring an additional 826,143 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of MakeMyTrip by 12.2% during the 3rd quarter. Schroder Investment Management Group now owns 6,316,976 shares of the technology company’s stock worth $591,269,000 after acquiring an additional 688,957 shares in the last quarter. Man Group plc boosted its stake in shares of MakeMyTrip by 6,434.6% during the 2nd quarter. Man Group plc now owns 632,747 shares of the technology company’s stock worth $62,022,000 after acquiring an additional 623,064 shares in the last quarter. Finally, Coronation Fund Managers Ltd. boosted its stake in shares of MakeMyTrip by 233.0% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 865,168 shares of the technology company’s stock worth $80,980,000 after acquiring an additional 605,388 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MMYT shares. Zacks Research lowered 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 lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of MakeMyTrip in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, MakeMyTrip has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

MakeMyTrip Trading Down 5.2%

Shares of MMYT opened at $44.39 on Thursday. The stock has a fifty day moving average of $44.03 and a two-hundred day moving average of $58.89. The company has a debt-to-equity ratio of 38.85, a quick ratio of 3.05 and a current ratio of 3.05. The company has a market capitalization of $4.94 billion, a PE ratio of 177.56 and a beta of 1.01. MakeMyTrip Limited has a fifty-two week low of $32.67 and a fifty-two week high of $104.99.

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.