MakeMyTrip Limited $MMYT Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. decreased its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 16.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 82,701 shares of the technology company’s stock after selling 16,678 shares during the period. U S Global Investors Inc. owned approximately 0.09% of MakeMyTrip worth $3,903,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its position in MakeMyTrip by 416.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 677 shares of the technology company’s stock valued at $56,000 after acquiring an additional 546 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of MakeMyTrip by 74.3% in 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 period. Farther Finance Advisors LLC boosted its stake in shares of MakeMyTrip by 26.6% in the third quarter. Farther Finance Advisors LLC now owns 2,007 shares of the technology company’s stock valued at $95,000 after purchasing an additional 422 shares during the period. Confluence Investment Management LLC acquired a new stake in MakeMyTrip during the 2nd quarter valued at $249,000. Finally, Inceptionr LLC grew its holdings in MakeMyTrip by 101.3% during the 1st quarter. Inceptionr LLC now owns 10,058 shares of the technology company’s stock valued at $375,000 after purchasing an additional 5,061 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

MakeMyTrip stock opened at $45.34 on Friday. The company has a 50-day simple moving average of $50.82 and a 200-day simple moving average of $50.05. The firm has a market capitalization of $4.26 billion, a P/E ratio of 377.83 and a beta of 1.07. MakeMyTrip Limited has a one year low of $32.67 and a one year high of $92.09.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. The Goldman Sachs Group set a $84.00 price target on MakeMyTrip in a report on Saturday, June 27th. Bank of America lowered their price objective on MakeMyTrip from $71.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, September 28th. HSBC initiated coverage on MakeMyTrip in a report on Thursday, July 2nd. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Zacks Research lowered MakeMyTrip from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

About MakeMyTrip

MakeMyTrip Limited is an online travel company serving consumers in India and international travelers booking trips to and from the country. Founded in 2000 by Deep Kalra, the company operates through a portfolio of travel brands, including MakeMyTrip, Goibibo and redBus.

The company provides online and mobile booking services for domestic and international flights, hotels and other accommodations, holiday packages, trains, buses, car rentals and airport transfers. Through redBus, it also offers bus ticketing services across India and selected international markets.