State of New Jersey Common Pension Fund D Purchases 12,269 Shares of MakeMyTrip Limited $MMYT

State of New Jersey Common Pension Fund D increased its position in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 29.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,647 shares of the technology company’s stock after buying an additional 12,269 shares during the period. State of New Jersey Common Pension Fund D’s holdings in MakeMyTrip were worth $4,405,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Parallel Advisors LLC raised its stake in MakeMyTrip by 244.8% during the third quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after buying an additional 284 shares during the last quarter. Stone House Investment Management LLC grew its holdings in MakeMyTrip by 50.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after purchasing an additional 200 shares during the period. Rakuten Securities Inc. grew its holdings in MakeMyTrip by 893.9% in the fourth quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock worth $54,000 after purchasing an additional 590 shares during the period. Jones Financial Companies Lllp grew its holdings in MakeMyTrip by 4,420.0% in the third quarter. Jones Financial Companies Lllp now owns 904 shares of the technology company’s stock worth $86,000 after purchasing an additional 884 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in MakeMyTrip by 229.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,292 shares of the technology company’s stock worth $106,000 after purchasing an additional 900 shares during the period. Institutional investors own 51.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Citigroup reduced their price target on shares of MakeMyTrip from $96.00 to $80.00 and set a “buy” rating for the company in a report on Monday, April 13th. Wall Street Zen cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of MakeMyTrip in a report on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, MakeMyTrip has an average rating of “Moderate Buy” and an average target price of $101.00.

MakeMyTrip Stock Down 2.8%

Shares of NASDAQ MMYT opened at $46.86 on Tuesday. The stock has a market capitalization of $5.21 billion, a P/E ratio of 97.63, a P/E/G ratio of 1.96 and a beta of 1.03. The company has a 50-day moving average price of $46.06 and a 200-day moving average price of $64.77. MakeMyTrip Limited has a 1 year low of $32.67 and a 1 year high of $113.85. The company has a debt-to-equity ratio of 38.85, a current ratio of 1.85 and a quick ratio of 1.85.

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.