MakeMyTrip Limited $MMYT Shares Acquired by Carmignac Gestion

Carmignac Gestion increased its position in MakeMyTrip Limited (NASDAQ:MMYT) by 32.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 40,452 shares of the technology company’s stock after buying an additional 10,024 shares during the quarter. Carmignac Gestion’s holdings in MakeMyTrip were worth $2,156,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. GeoWealth Management LLC increased its stake in MakeMyTrip by 4.6% during the 3rd quarter. GeoWealth Management LLC now owns 3,861 shares of the technology company’s stock worth $361,000 after buying an additional 169 shares during the period. Osaic Holdings Inc. lifted its holdings in MakeMyTrip by 10.2% in the 2nd 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. SBI Securities Co. Ltd. boosted its position in MakeMyTrip by 33.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,097 shares of the technology company’s stock valued at $90,000 after buying an additional 278 shares during the last quarter. Parallel Advisors LLC boosted its position in MakeMyTrip by 244.8% in the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after buying an additional 284 shares during the last quarter. Finally, FACT Capital LP grew its stake in shares of MakeMyTrip by 0.4% during the fourth quarter. FACT Capital LP now owns 69,641 shares of the technology company’s stock valued at $5,719,000 after acquiring an additional 292 shares in the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.

MakeMyTrip Stock Down 3.1%

Shares of MMYT traded down $1.72 during midday trading on Tuesday, hitting $53.90. The company had a trading volume of 751,565 shares, compared to its average volume of 1,322,741. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 449.17 and a beta of 1.00. The company’s 50 day moving average price is $57.62 and its 200 day moving average price is $50.14. MakeMyTrip Limited has a 52 week low of $32.67 and a 52 week high of $103.24.

Analyst Ratings Changes

MMYT has been the topic of a number of analyst reports. Zacks Research lowered MakeMyTrip from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Wall Street Zen downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. HSBC began coverage on MakeMyTrip in a research note on Thursday, July 2nd. They set a “buy” rating and a $70.00 price objective for the company. Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. Finally, The Goldman Sachs Group set a $84.00 target price on MakeMyTrip in a research note on Saturday, June 27th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.75.

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.