Goldman Sachs Group Inc. Boosts Stock Position in MakeMyTrip Limited $MMYT

Goldman Sachs Group Inc. grew its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,935,142 shares of the technology company’s stock after purchasing an additional 199,699 shares during the period. Goldman Sachs Group Inc.’s holdings in MakeMyTrip were worth $158,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in MMYT. Leonteq Securities AG purchased a new stake in shares of MakeMyTrip in the fourth quarter valued at approximately $29,000. Parallel Advisors LLC grew its holdings in shares of MakeMyTrip by 244.8% in the third quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock valued at $37,000 after purchasing an additional 284 shares during the period. Stone House Investment Management LLC grew its holdings in shares of MakeMyTrip by 50.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock valued at $49,000 after purchasing an additional 200 shares during the period. Rakuten Securities Inc. grew its holdings in shares of 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 purchasing an additional 590 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of MakeMyTrip by 4,420.0% in the third quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock valued at $86,000 after purchasing an additional 884 shares during the period. 51.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MMYT shares. The Goldman Sachs Group reiterated a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Wall Street Zen lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. Citigroup reiterated a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. Finally, Zacks Research lowered shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $101.00.

MakeMyTrip Stock Performance

Shares of MakeMyTrip stock opened at $44.09 on Monday. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 176.36 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. 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 stock has a 50 day moving average of $44.23 and a 200 day moving average of $58.46.

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.