Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 17,829 Shares of MakeMyTrip Limited $MMYT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 58.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,561 shares of the technology company’s stock after buying an additional 17,829 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in MakeMyTrip were worth $1,811,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GeoWealth Management LLC grew its position in MakeMyTrip by 4.6% in the third quarter. GeoWealth Management LLC now owns 3,861 shares of the technology company’s stock worth $361,000 after acquiring an additional 169 shares in the last quarter. Osaic Holdings Inc. increased its stake in MakeMyTrip by 10.2% during the second quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company’s stock worth $199,000 after acquiring an additional 188 shares during the last quarter. Stone House Investment Management LLC raised its position in MakeMyTrip by 50.0% during 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. SBI Securities Co. Ltd. raised its position in MakeMyTrip by 33.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,097 shares of the technology company’s stock valued at $90,000 after purchasing an additional 278 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of MakeMyTrip by 244.8% in the 3rd 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 last quarter. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Price Performance

MakeMyTrip stock opened at $54.20 on Friday. MakeMyTrip Limited has a 1-year low of $32.67 and a 1-year high of $104.99. The firm has a market capitalization of $6.03 billion, a P/E ratio of 216.80 and a beta of 0.98. The company’s 50-day moving average is $48.32 and its 200 day moving average is $53.06.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. HSBC started coverage on MakeMyTrip in a report on Thursday, July 2nd. They issued a “buy” rating and a $70.00 target price for the company. Zacks Research lowered MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Citigroup restated a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. The Goldman Sachs Group set a $84.00 price objective on shares of MakeMyTrip in a research note on Saturday, June 27th. Finally, Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, MakeMyTrip has an average rating of “Moderate Buy” and a consensus target price of $86.75.

About MakeMyTrip

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.