MakeMyTrip Limited $MMYT Shares Sold by Groupe la Francaise

Groupe la Francaise lowered its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 8.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,383 shares of the technology company’s stock after selling 9,078 shares during the period. Groupe la Francaise owned approximately 0.09% of MakeMyTrip worth $3,732,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of MakeMyTrip by 780.3% during the fourth quarter. Royal Bank of Canada now owns 2,274,679 shares of the technology company’s stock valued at $186,797,000 after purchasing an additional 2,016,281 shares during the period. Capital Research Global Investors acquired a new stake in MakeMyTrip in the fourth quarter worth about $150,069,000. Temasek Holdings Private Ltd acquired a new stake in MakeMyTrip in the first quarter worth about $63,447,000. Norges Bank bought a new position in MakeMyTrip in the 4th quarter valued at about $90,284,000. Finally, Wasatch Advisors LP grew its position in MakeMyTrip by 64.2% in the 1st quarter. Wasatch Advisors LP now owns 2,339,741 shares of the technology company’s stock valued at $87,249,000 after buying an additional 914,402 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analysts Set New Price Targets

MMYT has been the topic of several research analyst reports. Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Zacks Research upgraded shares of MakeMyTrip from a “strong sell” rating to a “strong-buy” rating in a report on Monday, July 20th. HSBC assumed coverage on shares of MakeMyTrip in a research note on Thursday, July 2nd. They set a “buy” rating and a $70.00 price objective on the stock. The Goldman Sachs Group set a $84.00 target price on MakeMyTrip in a report on Saturday, June 27th. Finally, Citigroup restated a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $86.75.

MakeMyTrip Stock Down 0.2%

MMYT opened at $56.95 on Friday. The business has a fifty day simple moving average of $50.48 and a 200-day simple moving average of $51.09. The firm has a market cap of $5.36 billion, a PE ratio of 227.80 and a beta of 0.98. MakeMyTrip Limited has a fifty-two week low of $32.67 and a fifty-two week high of $104.43.

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.