Y Intercept Hong Kong Ltd Invests $7.42 Million in MakeMyTrip Limited $MMYT

Y Intercept Hong Kong Ltd bought a new stake in MakeMyTrip Limited (NASDAQ:MMYT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 199,010 shares of the technology company’s stock, valued at approximately $7,421,000. Y Intercept Hong Kong Ltd owned 0.18% of MakeMyTrip as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MMYT. Schroder Investment Management Group grew its stake in MakeMyTrip by 13.8% in the fourth quarter. Schroder Investment Management Group now owns 7,186,704 shares of the technology company’s stock worth $590,172,000 after purchasing an additional 869,728 shares during the period. Baillie Gifford & Co. lifted its position in MakeMyTrip by 2.3% during the fourth 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. Price T Rowe Associates Inc. MD boosted its holdings in shares of MakeMyTrip by 17.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,448,388 shares of the technology company’s stock valued at $201,064,000 after buying an additional 371,066 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of MakeMyTrip by 64.2% during the 1st quarter. Wasatch Advisors LP now owns 2,339,741 shares of the technology company’s stock valued at $87,249,000 after buying an additional 914,402 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in shares of MakeMyTrip by 1.8% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,322,204 shares of the technology company’s stock worth $190,699,000 after buying an additional 40,712 shares during the period. 51.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MMYT has been the subject of several research reports. HSBC began coverage on shares of MakeMyTrip in a research note on Thursday. They issued a “buy” rating and a $70.00 price target for the company. Citigroup restated a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. Wall Street Zen raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Research lowered shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group set a $84.00 price target on MakeMyTrip in a research report on Saturday, June 27th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.75.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $58.27 on Friday. MakeMyTrip Limited has a 1-year low of $32.67 and a 1-year high of $104.99. The business has a fifty day moving average price of $46.64 and a 200-day moving average price of $55.05. The company has a market capitalization of $6.48 billion, a PE ratio of 233.08 and a beta of 0.98.

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.