MakeMyTrip Limited $MMYT Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S decreased its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 76.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,948 shares of the technology company’s stock after selling 98,081 shares during the quarter. C WorldWide Group Holding A S’s holdings in MakeMyTrip were worth $1,596,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Leonteq Securities AG acquired a new stake in shares of MakeMyTrip during the fourth quarter worth about $29,000. Parallel Advisors LLC lifted its holdings in shares of MakeMyTrip by 244.8% during the third 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. Kestra Advisory Services LLC purchased a new position in MakeMyTrip in the 4th quarter valued at $46,000. Rockefeller Capital Management L.P. increased its stake in MakeMyTrip by 416.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 677 shares of the technology company’s stock valued at $56,000 after buying an additional 546 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in MakeMyTrip by 74.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 990 shares of the technology company’s stock worth $37,000 after purchasing an additional 422 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Down 3.1%

NASDAQ MMYT opened at $53.90 on Wednesday. MakeMyTrip Limited has a fifty-two week low of $32.67 and a fifty-two week high of $103.24. The business has a fifty day moving average of $57.63 and a 200-day moving average of $50.12. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 449.17 and a beta of 1.00.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group set a $84.00 price target on MakeMyTrip in a report on Saturday, June 27th. Wall Street Zen downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Zacks Research cut shares of MakeMyTrip from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Citigroup restated a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. Finally, HSBC assumed coverage on shares of MakeMyTrip in a research report on Thursday, July 2nd. They issued a “buy” rating and a $70.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.