Eurizon SLJ Capital Ltd Buys Shares of 33,305 MakeMyTrip Limited $MMYT

Eurizon SLJ Capital Ltd bought a new stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 33,305 shares of the technology company’s stock, valued at approximately $2,735,000. MakeMyTrip makes up about 1.1% of Eurizon SLJ Capital Ltd’s portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of MakeMyTrip by 140.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 952,418 shares of the technology company’s stock worth $77,994,000 after purchasing an additional 555,620 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of MakeMyTrip by 112.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,563,877 shares of the technology company’s stock worth $128,426,000 after purchasing an additional 826,143 shares during the period. Hudson Bay Capital Management LP boosted its position in shares of MakeMyTrip by 107.7% in the third quarter. Hudson Bay Capital Management LP now owns 80,999 shares of the technology company’s stock worth $7,582,000 after purchasing an additional 41,999 shares during the period. Capital World Investors boosted its position in shares of MakeMyTrip by 5.4% in the third quarter. Capital World Investors now owns 1,306,699 shares of the technology company’s stock worth $122,307,000 after purchasing an additional 67,109 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of MakeMyTrip by 145.2% in the third quarter. Federated Hermes Inc. now owns 375,093 shares of the technology company’s stock worth $35,109,000 after purchasing an additional 222,098 shares during the period. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT opened at $46.74 on Friday. The company has a debt-to-equity ratio of 38.85, a quick ratio of 3.05 and a current ratio of 3.05. The firm has a fifty day moving average price of $43.72 and a 200 day moving average price of $59.66. MakeMyTrip Limited has a fifty-two week low of $32.67 and a fifty-two week high of $104.99. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 186.96 and a beta of 1.03.

Analyst Ratings Changes

A number of equities analysts have weighed in on MMYT shares. Wall Street Zen upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Citigroup reiterated a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. Zacks Research lowered shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of MakeMyTrip in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, MakeMyTrip currently has an average rating of “Moderate Buy” and a consensus target price of $101.00.

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.