MakeMyTrip Limited $MMYT Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S trimmed its position in MakeMyTrip Limited (NASDAQ:MMYT) by 76.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,948 shares of the technology company’s stock after selling 98,081 shares during the period. C WorldWide Group Holding A S’s holdings in MakeMyTrip were worth $1,596,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MMYT. Leonteq Securities AG acquired a new stake in MakeMyTrip in the 4th quarter valued at approximately $29,000. EverSource Wealth Advisors LLC boosted its position in MakeMyTrip by 74.3% during the first quarter. EverSource Wealth Advisors LLC now owns 990 shares of the technology company’s stock valued at $37,000 after purchasing an additional 422 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of 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 in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of MakeMyTrip during the 4th quarter worth $46,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of MakeMyTrip by 416.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 677 shares of the technology company’s stock worth $56,000 after acquiring an additional 546 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

MakeMyTrip Stock Down 3.1%

MakeMyTrip stock opened at $53.90 on Wednesday. The business has a 50 day moving average price of $57.63 and a two-hundred day moving average price of $50.12. MakeMyTrip Limited has a 12 month low of $32.67 and a 12 month high of $103.24. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 449.17 and a beta of 1.00.

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.