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MakeMyTrip Limited $MMYT Shares Bought by William Blair Investment Management LLC

MakeMyTrip logo with Computer and Technology background

Key Points

  • William Blair Investment Management LLC increased its position in MakeMyTrip Limited by 22.7% during the second quarter, now owning over 1 million shares worth approximately $103.5 million.
  • Despite a buy rating from Citigroup, Wall Street analysts have mixed opinions, with ratings ranging from "buy" to "sell," and a recent consensus price target of $120.00.
  • MakeMyTrip shares currently trade at $89.02, with a 52-week range of $81.84 to $123.00, reflecting ongoing fluctuations in market sentiment.
  • Five stocks to consider instead of MakeMyTrip.

William Blair Investment Management LLC raised its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 22.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,056,358 shares of the technology company's stock after acquiring an additional 195,542 shares during the period. William Blair Investment Management LLC owned approximately 0.95% of MakeMyTrip worth $103,544,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of MakeMyTrip by 23.3% during the second quarter. Signaturefd LLC now owns 1,147 shares of the technology company's stock worth $112,000 after purchasing an additional 217 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of MakeMyTrip by 5.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,638 shares of the technology company's stock worth $454,000 after purchasing an additional 241 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of MakeMyTrip by 3.0% in the 2nd quarter. IFP Advisors Inc now owns 9,239 shares of the technology company's stock valued at $906,000 after acquiring an additional 266 shares during the last quarter. Haven Private LLC increased its stake in MakeMyTrip by 3.4% during the first quarter. Haven Private LLC now owns 8,776 shares of the technology company's stock valued at $860,000 after purchasing an additional 286 shares during the last quarter. Finally, WPG Advisers LLC bought a new stake in shares of MakeMyTrip during the 1st quarter valued at about $28,000. 51.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MMYT has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of MakeMyTrip from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Wall Street Zen downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Finally, Macquarie raised shares of MakeMyTrip from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $120.00.

View Our Latest Stock Analysis on MMYT

MakeMyTrip Stock Up 0.9%

Shares of NASDAQ:MMYT opened at $89.02 on Friday. MakeMyTrip Limited has a 52 week low of $81.84 and a 52 week high of $123.00. The company has a debt-to-equity ratio of 18.35, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $9.90 billion, a PE ratio of 103.51 and a beta of 0.81. The firm has a 50 day simple moving average of $96.94 and a 200 day simple moving average of $98.33.

About MakeMyTrip

(Free Report)

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.

See Also

Want to see what other hedge funds are holding MMYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MakeMyTrip Limited (NASDAQ:MMYT - Free Report).

Institutional Ownership by Quarter for MakeMyTrip (NASDAQ:MMYT)

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