MakeMyTrip Limited $MMYT Stock Holdings Lessened by Groupe la Francaise

Groupe la Francaise decreased its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 8.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,383 shares of the technology company’s stock after selling 9,078 shares during the quarter. Groupe la Francaise’s holdings in MakeMyTrip were worth $3,732,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MMYT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in MakeMyTrip by 11.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,755 shares of the technology company’s stock valued at $1,642,000 after purchasing an additional 1,721 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of MakeMyTrip by 24.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,424 shares of the technology company’s stock worth $336,000 after purchasing an additional 679 shares in the last quarter. Nebula Research & Development LLC lifted its holdings in shares of MakeMyTrip by 9.2% during the 2nd quarter. Nebula Research & Development LLC now owns 15,890 shares of the technology company’s stock valued at $1,558,000 after buying an additional 1,345 shares during the last quarter. Sei Investments Co. grew its stake in shares of MakeMyTrip by 14.9% in the 2nd quarter. Sei Investments Co. now owns 520,853 shares of the technology company’s stock valued at $51,054,000 after buying an additional 67,367 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in MakeMyTrip by 108.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 201,101 shares of the technology company’s stock worth $19,712,000 after buying an additional 104,641 shares during the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.

MakeMyTrip Trading Down 0.2%

NASDAQ:MMYT opened at $56.95 on Friday. The firm has a market capitalization of $5.36 billion, a PE ratio of 227.80 and a beta of 0.98. MakeMyTrip Limited has a 1 year low of $32.67 and a 1 year high of $104.43. The firm’s fifty day simple moving average is $50.48 and its 200 day simple moving average is $51.09.

Analyst Upgrades and Downgrades

MMYT has been the subject of a number of analyst reports. The Goldman Sachs Group set a $84.00 target price on shares of MakeMyTrip in a research note on Saturday, June 27th. HSBC initiated coverage on shares of MakeMyTrip in a research note on Thursday, July 2nd. They issued a “buy” rating and a $70.00 price objective for the company. Zacks Research upgraded MakeMyTrip from a “strong sell” rating to a “strong-buy” rating in a report on Monday, July 20th. Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. Finally, Wall Street Zen lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $86.75.

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.