MakeMyTrip Limited $MMYT Shares Purchased by U S Global Investors Inc.

U S Global Investors Inc. increased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 30.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,870 shares of the technology company’s stock after acquiring an additional 11,988 shares during the quarter. U S Global Investors Inc.’s holdings in MakeMyTrip were worth $4,177,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MMYT. Schroder Investment Management Group increased its stake in MakeMyTrip by 12.2% in the third quarter. Schroder Investment Management Group now owns 6,316,976 shares of the technology company’s stock valued at $591,269,000 after purchasing an additional 688,957 shares during the period. Baillie Gifford & Co. increased its stake in MakeMyTrip by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 5,155,036 shares of the technology company’s stock valued at $423,332,000 after purchasing an additional 114,975 shares during the period. Artisan Partners Limited Partnership increased its stake in MakeMyTrip by 7.9% in the third quarter. Artisan Partners Limited Partnership now owns 2,281,492 shares of the technology company’s stock valued at $213,548,000 after purchasing an additional 166,456 shares during the period. Jennison Associates LLC increased its stake in MakeMyTrip by 0.6% in the third quarter. Jennison Associates LLC now owns 1,861,604 shares of the technology company’s stock valued at $174,246,000 after purchasing an additional 11,837 shares during the period. Finally, Capital International Investors increased its stake in MakeMyTrip by 22.1% in the third quarter. Capital International Investors now owns 1,717,783 shares of the technology company’s stock valued at $160,784,000 after purchasing an additional 310,627 shares during the period. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MMYT. Citigroup lowered their target price on shares of MakeMyTrip from $96.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Wall Street Zen downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MakeMyTrip in a report on Tuesday, January 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of MakeMyTrip in a report on Wednesday, December 31st. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $101.00.

MakeMyTrip Trading Down 0.5%

Shares of MMYT opened at $45.64 on Friday. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a 50 day simple moving average of $47.00 and a 200-day simple moving average of $66.76. MakeMyTrip Limited has a 1-year low of $32.67 and a 1-year high of $113.85. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 95.08, a price-to-earnings-growth ratio of 1.86 and a beta of 0.83.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, January 21st. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. MakeMyTrip had a net margin of 5.46% and a return on equity of 48.06%. The business had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $306.29 million. Equities analysts forecast that MakeMyTrip Limited will post 1.22 EPS for the current fiscal year.

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.