31,976 Shares in MakeMyTrip Limited $MMYT Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in MakeMyTrip Limited (NASDAQ:MMYT) in the 1st quarter, HoldingsChannel reports. The fund purchased 31,976 shares of the technology company’s stock, valued at approximately $1,192,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Leonteq Securities AG acquired a new stake in shares of MakeMyTrip in the fourth quarter valued at about $29,000. Parallel Advisors LLC lifted its position in MakeMyTrip by 244.8% during the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after acquiring an additional 284 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in MakeMyTrip in the 4th quarter worth approximately $46,000. Stone House Investment Management LLC boosted its holdings in MakeMyTrip by 50.0% in the 4th 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 period. Finally, Rakuten Securities Inc. grew its position in MakeMyTrip by 893.9% in the fourth quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock valued at $54,000 after acquiring an additional 590 shares in the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MMYT. Citigroup reiterated a “buy” rating on shares of MakeMyTrip in a research note on Tuesday, May 19th. Wall Street Zen lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Zacks Research raised shares of MakeMyTrip from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, July 20th. The Goldman Sachs Group set a $84.00 price objective on shares of MakeMyTrip in a report on Saturday, June 27th. Finally, HSBC started coverage on shares of MakeMyTrip in a research report on Thursday, July 2nd. They issued a “buy” rating and a $70.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, MakeMyTrip presently has an average rating of “Buy” and an average target price of $86.75.

Key MakeMyTrip News

Here are the key news stories impacting MakeMyTrip this week:

• Positive Sentiment: MakeMyTrip reported quarterly EPS of $0.53, substantially above analyst estimates ranging from $0.15 to $0.31. The stronger-than-expected profit performance appears to be the primary catalyst for the stock’s advance. MarketBeat earnings report Zonebourse EPS report
• Positive Sentiment: The company posted a net margin of 4.96% and return on equity of 2,304.78%, highlighting improved profitability metrics, though the unusually high ROE may reflect a relatively small equity base. MarketBeat profitability report
• Neutral Sentiment: Management’s fiscal Q1 2027 earnings call provided additional commentary on the results and the company’s outlook, which investors may use to assess whether the earnings strength can continue. Q1 2027 earnings call transcript
• Negative Sentiment: Revenue was $285.58 million, below the approximately $292.14 million consensus estimate. The revenue miss partially offsets the earnings surprise and remains a potential concern for growth-focused investors. Fiscal Q1 earnings snapshot

MakeMyTrip Stock Up 8.5%

Shares of NASDAQ MMYT opened at $61.78 on Tuesday. The firm’s 50-day moving average price is $50.86 and its two-hundred day moving average price is $50.77. MakeMyTrip Limited has a 52-week low of $32.67 and a 52-week high of $104.43. The stock has a market capitalization of $5.81 billion, a P/E ratio of 247.12 and a beta of 0.98.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Monday, August 3rd. The technology company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.38. The company had revenue of $285.58 million during the quarter, compared to the consensus estimate of $292.14 million. MakeMyTrip had a return on equity of 2,304.78% and a net margin of 4.96%. As a group, equities research analysts expect that MakeMyTrip Limited will post 1.54 earnings per share for the current year.

About MakeMyTrip

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.