MakeMyTrip Limited $MMYT Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC lowered its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 30.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,210 shares of the technology company’s stock after selling 9,582 shares during the period. Boston Common Asset Management LLC’s holdings in MakeMyTrip were worth $828,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of MakeMyTrip by 11.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,755 shares of the technology company’s stock worth $1,642,000 after buying an additional 1,721 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in MakeMyTrip by 24.7% in the second quarter. Daiwa Securities Group Inc. now owns 3,424 shares of the technology company’s stock valued at $336,000 after acquiring an additional 679 shares during the last quarter. Nebula Research & Development LLC grew its position in MakeMyTrip by 9.2% during the second quarter. Nebula Research & Development LLC now owns 15,890 shares of the technology company’s stock valued at $1,558,000 after acquiring an additional 1,345 shares during the period. Sei Investments Co. grew its position in MakeMyTrip by 14.9% during the second quarter. Sei Investments Co. now owns 520,853 shares of the technology company’s stock valued at $51,054,000 after acquiring an additional 67,367 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in MakeMyTrip by 108.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 201,101 shares of the technology company’s stock worth $19,712,000 after acquiring an additional 104,641 shares during the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

Shares of NASDAQ MMYT opened at $54.62 on Monday. The stock has a fifty day moving average price of $48.46 and a 200 day moving average price of $52.87. MakeMyTrip Limited has a 12-month low of $32.67 and a 12-month high of $104.99. The company has a market cap of $6.08 billion, a P/E ratio of 218.48 and a beta of 0.98.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MMYT. Citigroup restated a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. The Goldman Sachs Group set a $84.00 target price on MakeMyTrip in a report on Saturday, June 27th. Zacks Research downgraded shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. HSBC started coverage on shares of MakeMyTrip in a report on Thursday, July 2nd. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $86.75.

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.