UBS Group AG Raises Stock Position in MakeMyTrip Limited $MMYT

Key Points

• UBS Group AG boosted its stake in MakeMyTrip by 93.7% in Q4, buying an additional 534,807 shares to own 1,105,383 shares (about 0.99% of the company) worth $90,774,000.
• Analyst coverage is mixed—four Buys and one Hold—with an average rating of "Moderate Buy" and an average target price of $101.00, while Citigroup cut its target to $80 and Wall Street Zen downgraded the stock to Sell.
• MakeMyTrip opened at $48.20 (market cap $5.36B) and trades at a high P/E of 100.42; institutional investors own about 51.89% of the company and the 12‑month range is $32.67–$113.85.

UBS Group AG boosted its holdings in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 93.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,105,383 shares of the technology company's stock after buying an additional 534,807 shares during the period. UBS Group AG owned 0.99% of MakeMyTrip worth $90,774,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in MakeMyTrip by 0.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,829 shares of the technology company's stock worth $2,230,000 after buying an additional 150 shares in the last quarter. GeoWealth Management LLC increased its stake in MakeMyTrip by 4.6% in the 3rd quarter. GeoWealth Management LLC now owns 3,861 shares of the technology company's stock worth $361,000 after buying an additional 169 shares in the last quarter. Capital International Sarl increased its stake in MakeMyTrip by 0.5% in the 3rd quarter. Capital International Sarl now owns 37,903 shares of the technology company's stock worth $3,548,000 after buying an additional 179 shares in the last quarter. Osaic Holdings Inc. increased its stake in MakeMyTrip by 10.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,028 shares of the technology company's stock worth $199,000 after buying an additional 188 shares in the last quarter. Finally, Stone House Investment Management LLC increased its stake in MakeMyTrip by 50.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company's stock worth $49,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company's stock.

MakeMyTrip Trading Up 2.1%

Shares of MakeMyTrip stock opened at $48.20 on Friday. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 100.42, a PEG ratio of 1.96 and a beta of 1.03. The business has a 50-day moving average price of $46.06 and a 200-day moving average price of $64.95. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 38.85. MakeMyTrip Limited has a twelve month low of $32.67 and a twelve month high of $113.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MMYT shares. Weiss Ratings reiterated a "hold (c)" rating on shares of MakeMyTrip in a research note on Tuesday, January 27th. Citigroup cut their price target on MakeMyTrip from $96.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, April 13th. Finally, Wall Street Zen lowered 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $101.00.

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.

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