Allspring Global Investments Holdings LLC Increases Stock Holdings in MakeMyTrip Limited $MMYT

Allspring Global Investments Holdings LLC lifted its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 140.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 952,418 shares of the technology company’s stock after purchasing an additional 555,620 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.86% of MakeMyTrip worth $77,994,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in MMYT. Schroder Investment Management Group increased its holdings in MakeMyTrip by 12.2% during the 3rd quarter. Schroder Investment Management Group now owns 6,316,976 shares of the technology company’s stock worth $591,269,000 after purchasing an additional 688,957 shares during the period. Artisan Partners Limited Partnership increased its holdings in shares of MakeMyTrip by 7.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,281,492 shares of the technology company’s stock valued at $213,548,000 after acquiring an additional 166,456 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of MakeMyTrip by 0.6% in the 3rd quarter. Jennison Associates LLC now owns 1,861,604 shares of the technology company’s stock valued at $174,246,000 after acquiring an additional 11,837 shares during the last quarter. Capital International Investors raised its position in shares of MakeMyTrip by 22.1% during the 3rd quarter. Capital International Investors now owns 1,717,783 shares of the technology company’s stock worth $160,784,000 after acquiring an additional 310,627 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of MakeMyTrip by 37.1% during the 2nd quarter. Marshall Wace LLP now owns 1,389,137 shares of the technology company’s stock worth $136,163,000 after acquiring an additional 375,928 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

More MakeMyTrip News

Here are the key news stories impacting MakeMyTrip this week:

• Positive Sentiment: MakeMyTrip’s most recent quarterly results beat EPS estimates (reported Jan. 21), and the company shows strong ROE — factors that undercut a sustained sell‑off and give investors a fundamentals-based reason to buy on weakness.
• Neutral Sentiment: Trading has been higher‑than‑normal in response to the report, increasing volatility and short‑term risk; this makes intraday moves amplified but doesn’t resolve the underlying allegations.
• Negative Sentiment: Short‑seller Morpheus alleges MakeMyTrip engaged in anti‑competitive practices and defied a CCI order — the report cites claimed preferential treatment, improper fee accounting and allowance of problematic hotels on the platform. Article Title
• Negative Sentiment: Morpheus also accuses MakeMyTrip of inflating profits and misstating metrics — allegations that, if followed by formal regulatory scrutiny or accounting review, could materially hurt sentiment and valuation. Article Title
• Negative Sentiment: Multiple outlets report that the short‑seller release triggered an immediate share drop and heightened sell pressure; the continued impact will depend on any official inquiries (CCI, auditors or exchanges) and on MakeMyTrip’s public rebuttal or clarifications. Article Title

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of MakeMyTrip in a research note on Wednesday, December 31st. Bank of America dropped their price objective on MakeMyTrip from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, December 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. Finally, Citigroup reduced their target price on MakeMyTrip from $108.00 to $96.00 and set a “buy” rating for the company in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, MakeMyTrip currently has an average rating of “Moderate Buy” and an average price target of $106.33.

MakeMyTrip Price Performance

Shares of MMYT opened at $37.29 on Wednesday. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 77.69, a price-to-earnings-growth ratio of 1.25 and a beta of 0.64. The company has a debt-to-equity ratio of 38.85, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a 50-day simple moving average of $52.81 and a 200-day simple moving average of $72.65. MakeMyTrip Limited has a fifty-two week low of $32.67 and a fifty-two week high of $113.85.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Wednesday, January 21st. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%.The business had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $306.29 million. On average, equities research analysts anticipate that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

MakeMyTrip 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.