Dymon Asia Capital Singapore PTE. LTD. Boosts Stake in MakeMyTrip Limited $MMYT

Dymon Asia Capital Singapore PTE. LTD. increased its stake in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 451.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 46,833 shares of the technology company’s stock after buying an additional 38,333 shares during the period. MakeMyTrip accounts for approximately 0.4% of Dymon Asia Capital Singapore PTE. LTD.’s portfolio, making the stock its 23rd largest holding. Dymon Asia Capital Singapore PTE. LTD.’s holdings in MakeMyTrip were worth $3,846,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of MakeMyTrip by 140.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 952,418 shares of the technology company’s stock worth $77,994,000 after purchasing an additional 555,620 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in MakeMyTrip by 112.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,563,877 shares of the technology company’s stock worth $128,426,000 after buying an additional 826,143 shares in the last quarter. Hudson Bay Capital Management LP raised its holdings in shares of MakeMyTrip by 107.7% in the 3rd quarter. Hudson Bay Capital Management LP now owns 80,999 shares of the technology company’s stock valued at $7,582,000 after purchasing an additional 41,999 shares in the last quarter. Capital World Investors raised its holdings in shares of MakeMyTrip by 5.4% in the 3rd quarter. Capital World Investors now owns 1,306,699 shares of the technology company’s stock valued at $122,307,000 after purchasing an additional 67,109 shares in the last quarter. Finally, Coronation Fund Managers Ltd. raised its holdings in shares of MakeMyTrip by 233.0% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 865,168 shares of the technology company’s stock valued at $80,980,000 after purchasing an additional 605,388 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

MakeMyTrip Trading Up 3.4%

NASDAQ MMYT opened at $43.15 on Friday. The company has a debt-to-equity ratio of 38.85, a quick ratio of 3.05 and a current ratio of 3.05. The firm has a market cap of $4.80 billion, a PE ratio of 172.60 and a beta of 1.01. MakeMyTrip Limited has a one year low of $32.67 and a one year high of $104.99. The firm’s fifty day moving average is $44.61 and its two-hundred day moving average is $57.43.

Analyst Upgrades and Downgrades

MMYT has been the topic of a number of analyst reports. Citigroup restated a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. The Goldman Sachs Group restated a “buy” rating on shares of MakeMyTrip in a report on Thursday, May 7th. Zacks Research lowered shares of MakeMyTrip from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, Wall Street Zen lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $101.00.

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.