MakeMyTrip Limited $MMYT Shares Sold by Steadview Capital Management LLC

Steadview Capital Management LLC reduced its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 36.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 123,045 shares of the technology company’s stock after selling 70,950 shares during the quarter. MakeMyTrip comprises about 1.9% of Steadview Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Steadview Capital Management LLC’s holdings in MakeMyTrip were worth $10,104,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Global Retirement Partners LLC grew its position in shares of MakeMyTrip by 379,400.0% during the 4th quarter. Global Retirement Partners LLC now owns 3,795 shares of the technology company’s stock worth $312,000 after buying an additional 3,794 shares during the period. Leonteq Securities AG acquired a new position in shares of MakeMyTrip during the 4th quarter worth about $29,000. Banque Cantonale Vaudoise grew its position in shares of MakeMyTrip by 1,328.8% during the 4th quarter. Banque Cantonale Vaudoise now owns 25,618 shares of the technology company’s stock worth $2,104,000 after buying an additional 23,825 shares during the period. Bessemer Group Inc. grew its position in shares of MakeMyTrip by 81.3% during the 4th quarter. Bessemer Group Inc. now owns 106,410 shares of the technology company’s stock worth $8,738,000 after buying an additional 47,730 shares during the period. Finally, S Bank Fund Management Ltd grew its position in shares of MakeMyTrip by 36.0% during the 4th quarter. S Bank Fund Management Ltd now owns 34,000 shares of the technology company’s stock worth $2,792,000 after buying an additional 9,000 shares during the period. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MMYT. The Goldman Sachs Group reiterated a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Wall Street Zen upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research cut MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday. Citigroup reiterated a “buy” rating on shares of MakeMyTrip in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of MakeMyTrip in a report on Tuesday, January 27th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, MakeMyTrip currently has an average rating of “Moderate Buy” and a consensus target price of $101.00.

MakeMyTrip Trading Down 0.6%

NASDAQ:MMYT opened at $42.75 on Friday. MakeMyTrip Limited has a fifty-two week low of $32.67 and a fifty-two week high of $105.23. The company has a debt-to-equity ratio of 38.85, a current ratio of 3.05 and a quick ratio of 1.85. The stock has a market capitalization of $4.76 billion, a PE ratio of 171.00, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03. The business’s 50-day simple moving average is $43.75 and its 200-day simple moving average is $60.86.

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.