Public Employees Retirement System of Ohio Acquires Shares of 31,976 MakeMyTrip Limited $MMYT

Public Employees Retirement System of Ohio bought a new position in MakeMyTrip Limited (NASDAQ:MMYT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,976 shares of the technology company’s stock, valued at approximately $1,704,000.

A number of other institutional investors have also recently modified their holdings of MMYT. Leonteq Securities AG bought a new position in shares of MakeMyTrip during the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its stake in MakeMyTrip by 74.3% in 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 in the last quarter. Parallel Advisors LLC boosted its stake 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 in the last quarter. Kestra Advisory Services LLC purchased a new stake in MakeMyTrip during the 4th quarter valued at about $46,000. Finally, Rockefeller Capital Management L.P. grew its position in MakeMyTrip by 416.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 677 shares of the technology company’s stock valued at $56,000 after purchasing an additional 546 shares during the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MMYT has been the subject of a number of analyst reports. HSBC initiated coverage on shares of MakeMyTrip in a research note on Thursday, July 2nd. They set a “buy” rating and a $70.00 price objective for the company. Citigroup reissued a “buy” rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. Zacks Research lowered shares of MakeMyTrip from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Wall Street Zen cut MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Finally, The Goldman Sachs Group set a $84.00 price objective on MakeMyTrip in a research report on Saturday, June 27th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.75.

MakeMyTrip Stock Performance

Shares of NASDAQ:MMYT opened at $55.62 on Monday. MakeMyTrip Limited has a fifty-two week low of $32.67 and a fifty-two week high of $103.24. The business has a 50-day simple moving average of $57.58 and a two-hundred day simple moving average of $50.15. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 463.50 and a beta of 1.00.

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.