U S Global Investors Inc. Has $5.25 Million Stake in MakeMyTrip Limited $MMYT

U S Global Investors Inc. increased its position in MakeMyTrip Limited (NASDAQ:MMYT) by 176.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,706 shares of the technology company’s stock after purchasing an additional 89,836 shares during the quarter. U S Global Investors Inc.’s holdings in MakeMyTrip were worth $5,247,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. GeoWealth Management LLC increased its holdings in MakeMyTrip by 4.6% in the 3rd quarter. GeoWealth Management LLC now owns 3,861 shares of the technology company’s stock valued at $361,000 after buying an additional 169 shares during the period. Osaic Holdings Inc. raised its stake in shares of MakeMyTrip by 10.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company’s stock valued at $199,000 after buying an additional 188 shares in the last quarter. Stone House Investment Management LLC lifted its holdings in shares of MakeMyTrip by 50.0% during 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. SBI Securities Co. Ltd. lifted its holdings in shares of MakeMyTrip by 33.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,097 shares of the technology company’s stock worth $90,000 after acquiring an additional 278 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of MakeMyTrip by 244.8% during the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after acquiring an additional 284 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

Wall Street Analysts Forecast Growth

MMYT has been the topic of a number of analyst reports. Citigroup reissued a “buy” rating on shares of MakeMyTrip in a research note on Tuesday, May 19th. Wall Street Zen upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Research cut MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. The Goldman Sachs Group set a $84.00 target price on MakeMyTrip in a report on Saturday, June 27th. Finally, HSBC started coverage on MakeMyTrip in a research report on Thursday, July 2nd. They set a “buy” rating and a $70.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.75.

MakeMyTrip Price Performance

Shares of MMYT traded up $0.60 during trading hours on Friday, hitting $58.62. The stock had a trading volume of 783,848 shares, compared to its average volume of 1,243,326. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 234.48 and a beta of 0.98. The company’s fifty day moving average is $47.76 and its two-hundred day moving average is $54.10. MakeMyTrip Limited has a 52 week low of $32.67 and a 52 week high of $104.99.

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.