Janus Henderson Group PLC Has $4.40 Million Stake in MakeMyTrip Limited $MMYT

Key Points

• Janus Henderson Group increased its MakeMyTrip stake by 23.8% in the first quarter, holding 117,787 shares valued at approximately $4.40 million. Institutional investors collectively own 51.89% of the company.
• MakeMyTrip shares opened at $60.05, with a 52-week range of $32.67 to $104.43 and a market capitalization of about $5.65 billion. The stock’s reported price-to-earnings ratio is approximately 500.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $86.75, although individual views range from “Sell” to “Strong Buy.”

Janus Henderson Group PLC increased its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 23.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,787 shares of the technology company's stock after acquiring an additional 22,622 shares during the quarter. Janus Henderson Group PLC owned 0.11% of MakeMyTrip worth $4,396,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Leonteq Securities AG bought a new stake in MakeMyTrip in the fourth quarter valued at $29,000. Parallel Advisors LLC boosted its position in shares of MakeMyTrip by 244.8% during 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. EverSource Wealth Advisors LLC grew its stake in shares of MakeMyTrip by 74.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 990 shares of the technology company's stock valued at $37,000 after buying an additional 422 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of MakeMyTrip in the 4th quarter valued at about $46,000. Finally, Stone House Investment Management LLC grew its stake in shares of MakeMyTrip by 50.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company's stock valued at $49,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Price Performance

MMYT opened at $60.05 on Friday. MakeMyTrip Limited has a fifty-two week low of $32.67 and a fifty-two week high of $104.43. The firm has a market capitalization of $5.65 billion, a PE ratio of 500.42 and a beta of 0.98. The company's 50-day moving average is $51.86 and its 200 day moving average is $50.49.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MMYT. The Goldman Sachs Group set a $84.00 price target on MakeMyTrip in a research note on Saturday, June 27th. Wall Street Zen cut MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. Zacks Research upgraded MakeMyTrip from a "strong sell" rating to a "strong-buy" rating in a report on Monday, July 20th. Citigroup reaffirmed a "buy" rating on shares of MakeMyTrip in a research report on Tuesday, May 19th. Finally, HSBC started coverage on shares of MakeMyTrip in a research report on Thursday, July 2nd. They issued a "buy" rating and a $70.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $86.75.

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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