Amansa Capital PTE. LTD. Sells 100,693 Shares of MakeMyTrip Limited $MMYT

Key Points

• Amansa Capital sold 100,693 MakeMyTrip shares in Q4 (a 6.3% reduction), leaving it with 1,499,580 shares — about 1.35% of the company valued at roughly $123.15 million and representing ~45.2% of Amansa's portfolio as its second-largest holding.
• Institutional investors own about 51.89% of MakeMyTrip, and several funds (e.g., State of New Jersey Common Pension Fund D, Flossbach Von Storch) recently increased or established positions while others adjusted their stakes.
• Analyst sentiment is mixed: Citigroup cut its target to $80 but kept a buy, Weiss Ratings issued a hold, and Wall Street Zen downgraded to sell, leaving a MarketBeat consensus of "Moderate Buy" with an average price target of $101; the stock trades around $47.21 with a market cap of $5.25B and a P/E of 98.35.

Amansa Capital PTE. LTD. lowered its position in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,499,580 shares of the technology company's stock after selling 100,693 shares during the quarter. MakeMyTrip makes up about 45.2% of Amansa Capital PTE. LTD.'s holdings, making the stock its 2nd biggest holding. Amansa Capital PTE. LTD. owned about 1.35% of MakeMyTrip worth $123,146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D raised its holdings in shares of MakeMyTrip by 29.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 53,647 shares of the technology company's stock valued at $4,405,000 after purchasing an additional 12,269 shares in the last quarter. GC Wealth Management RIA LLC grew its position in shares of MakeMyTrip by 21.0% in the 4th quarter. GC Wealth Management RIA LLC now owns 4,523 shares of the technology company's stock valued at $371,000 after buying an additional 784 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of MakeMyTrip during the fourth quarter worth about $205,000. Flossbach Von Storch SE grew its stake in MakeMyTrip by 20.0% during the 4th quarter. Flossbach Von Storch SE now owns 45,000 shares of the technology company's stock worth $3,695,000 after buying an additional 7,500 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in MakeMyTrip during the fourth quarter worth approximately $1,370,000. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Stock Down 0.7%

MakeMyTrip stock opened at $47.21 on Friday. The stock has a 50 day moving average of $46.06 and a two-hundred day moving average of $65.14. MakeMyTrip Limited has a twelve month low of $32.67 and a twelve month high of $113.85. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 98.35, a PEG ratio of 1.93 and a beta of 0.83. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 38.85.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MMYT shares. Weiss Ratings reissued a "hold (c)" rating on shares of MakeMyTrip in a report on Tuesday, January 27th. Citigroup cut 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. Finally, Wall Street Zen downgraded shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research report on Saturday, April 18th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, MakeMyTrip currently has an average rating of "Moderate Buy" and an average price target of $101.00.

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.

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