MakeMyTrip Limited $MMYT Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 2,438.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,995 shares of the technology company’s stock after buying an additional 146,968 shares during the period. Federated Hermes Inc. owned approximately 0.14% of MakeMyTrip worth $14,997,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. WPG Advisers LLC acquired a new stake in MakeMyTrip during the 1st quarter worth approximately $28,000. Twin Tree Management LP acquired a new position in shares of MakeMyTrip in the first quarter valued at approximately $29,000. First Horizon Advisors Inc. purchased a new stake in shares of MakeMyTrip during the second quarter worth approximately $43,000. Stone House Investment Management LLC acquired a new stake in shares of MakeMyTrip during the first quarter worth $49,000. Finally, Farther Finance Advisors LLC purchased a new position in MakeMyTrip in the 2nd quarter valued at $50,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Up 6.2%

Shares of NASDAQ MMYT opened at $76.14 on Thursday. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 118.97 and a beta of 0.70. MakeMyTrip Limited has a 52 week low of $69.69 and a 52 week high of $122.35. The firm has a 50-day moving average price of $81.10 and a 200 day moving average price of $91.80. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 38.85.

Analyst Upgrades and Downgrades

MMYT has been the subject of a number of analyst reports. Weiss Ratings started coverage on shares of MakeMyTrip in a research report on Thursday, October 30th. They set a “hold (c)” rating for the company. Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.00.

About MakeMyTrip

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.