MakeMyTrip Limited $MMYT Shares Acquired by Dymon Asia Capital Singapore PTE. LTD.

Dymon Asia Capital Singapore PTE. LTD. grew its position in MakeMyTrip Limited (NASDAQ:MMYT) by 451.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,833 shares of the technology company’s stock after acquiring an additional 38,333 shares during the period. MakeMyTrip comprises approximately 0.4% of Dymon Asia Capital Singapore PTE. LTD.’s investment portfolio, making the stock its 23rd biggest position. Dymon Asia Capital Singapore PTE. LTD.’s holdings in MakeMyTrip were worth $3,846,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MMYT. Capital Research Global Investors acquired a new position in shares of MakeMyTrip in the fourth quarter worth about $150,069,000. Norges Bank acquired a new position in shares of MakeMyTrip in the fourth quarter worth about $90,284,000. Schroder Investment Management Group increased its stake in shares of MakeMyTrip by 13.8% during 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 in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of MakeMyTrip by 112.0% during 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 in the last quarter. Finally, Man Group plc increased its stake in shares of MakeMyTrip by 6,434.6% during the second quarter. Man Group plc now owns 632,747 shares of the technology company’s stock worth $62,022,000 after purchasing an additional 623,064 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

MakeMyTrip stock opened at $43.15 on Friday. The firm has a 50 day simple moving average of $44.61 and a 200-day simple moving average of $57.43. MakeMyTrip Limited has a 1-year low of $32.67 and a 1-year high of $104.99. The company has a debt-to-equity ratio of 38.85, a current ratio of 3.05 and a quick ratio of 3.05. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 172.60 and a beta of 1.01.

Analysts Set New Price Targets

A number of research firms have recently commented on MMYT. Zacks Research cut shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. Citigroup reissued a “buy” rating on shares of MakeMyTrip in a research note on Tuesday, May 19th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of MakeMyTrip in a research note on Thursday, May 7th. Five 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

MakeMyTrip 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.