MakeMyTrip Limited $MMYT Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 11.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,935,142 shares of the technology company’s stock after purchasing an additional 199,699 shares during the quarter. Goldman Sachs Group Inc. owned 1.74% of MakeMyTrip worth $158,914,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Leonteq Securities AG acquired a new position in MakeMyTrip in the 4th quarter worth about $29,000. Parallel Advisors LLC raised its holdings in MakeMyTrip by 244.8% in the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after purchasing an additional 284 shares during the period. Stone House Investment Management LLC raised its holdings in MakeMyTrip by 50.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after purchasing an additional 200 shares during the period. Rakuten Securities Inc. raised its holdings in MakeMyTrip by 893.9% in the 4th quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock worth $54,000 after purchasing an additional 590 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in MakeMyTrip by 4,420.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock worth $86,000 after purchasing an additional 884 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Price Performance

NASDAQ:MMYT opened at $44.09 on Monday. MakeMyTrip Limited has a 12 month low of $32.67 and a 12 month high of $104.99. The stock has a 50 day moving average of $44.23 and a two-hundred day moving average of $58.46. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 38.85. The firm has a market cap of $4.91 billion, a P/E ratio of 176.36 and a beta of 1.01.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MMYT shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Zacks Research cut MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Citigroup reaffirmed a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. Finally, Wall Street Zen cut MakeMyTrip from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, MakeMyTrip currently has an average rating of “Moderate Buy” and an average 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.