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

U S Global Investors Inc. raised its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 30.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,870 shares of the technology company’s stock after purchasing an additional 11,988 shares during the period. U S Global Investors Inc.’s holdings in MakeMyTrip were worth $4,177,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in MakeMyTrip by 37.1% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,715 shares of the technology company’s stock valued at $305,000 after purchasing an additional 1,005 shares during the period. Ninety One UK Ltd grew its stake in shares of MakeMyTrip by 14.7% in the fourth quarter. Ninety One UK Ltd now owns 94,655 shares of the technology company’s stock valued at $7,773,000 after buying an additional 12,161 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of MakeMyTrip by 229.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,292 shares of the technology company’s stock valued at $106,000 after buying an additional 900 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of MakeMyTrip by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 5,155,036 shares of the technology company’s stock valued at $423,332,000 after buying an additional 114,975 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of MakeMyTrip by 112.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,563,877 shares of the technology company’s stock valued at $128,426,000 after buying an additional 826,143 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analyst Ratings Changes

MMYT has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of MakeMyTrip in a research note on Wednesday, December 31st. Citigroup cut their price objective on shares of MakeMyTrip from $96.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Finally, Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

MakeMyTrip Trading Down 0.5%

Shares of NASDAQ:MMYT opened at $45.64 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 38.85. The company’s 50-day moving average price is $47.00 and its 200 day moving average price is $66.76. The company has a market cap of $5.08 billion, a PE ratio of 95.08, a P/E/G ratio of 1.86 and a beta of 0.83. MakeMyTrip Limited has a fifty-two week low of $32.67 and a fifty-two week high of $113.85.

MakeMyTrip (NASDAQ:MMYT) last posted its earnings results on Wednesday, January 21st. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.43 by $0.09. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%.The firm had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $306.29 million. Sell-side analysts anticipate that MakeMyTrip Limited will post 1.22 earnings per share for the current year.

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.