<div id="readability-page-1"><p>Dalton Investments Inc. trimmed its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 461,584 shares of the technology company's stock after selling 46,800 shares during the period. MakeMyTrip makes up about 22.1% of Dalton Investments Inc.'s portfolio, making the stock its biggest position. Dalton Investments Inc. owned about 0.42% of MakeMyTrip worth $38,819,000 as of its most recent SEC filing.</p><ul><li>TripAdvisor is on AI-powered recovery from record lows</li></ul><p>Other large investors have also made changes to their positions in the company. Baillie Gifford &amp; Co. grew its holdings in MakeMyTrip by 85.7% during the second quarter. Baillie Gifford &amp; Co. now owns 4,072,452 shares of the technology company's stock worth $342,493,000 after acquiring an additional 1,879,726 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of MakeMyTrip by 64.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 3,455,196 shares of the technology company's stock worth $162,325,000 after purchasing an additional 1,357,884 shares during the period. Schroder Investment Management Group increased its holdings in shares of MakeMyTrip by 39.2% during the 4th quarter. Schroder Investment Management Group now owns 2,607,916 shares of the technology company's stock valued at $122,520,000 after purchasing an additional 734,336 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of MakeMyTrip during the 1st quarter valued at approximately $50,543,000. Finally, Janus Henderson Group PLC lifted its stake in shares of MakeMyTrip by 143.2% in the 1st quarter. Janus Henderson Group PLC now owns 458,534 shares of the technology company's stock valued at $32,574,000 after purchasing an additional 269,988 shares during the period. 51.89% of the stock is owned by hedge funds and other institutional investors. </p><h2>MakeMyTrip Stock Performance</h2><p>MMYT opened at $108.47 on Friday. The firm's fifty day simple moving average is $94.67 and its two-hundred day simple moving average is $81.56. MakeMyTrip Limited has a 52-week low of $36.81 and a 52-week high of $109.70. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 64.95, a PEG ratio of 5.33 and a beta of 1.28. The company has a quick ratio of 2.77, a current ratio of 2.78 and a debt-to-equity ratio of 0.19. </p><br/><ul><li>Are These 3 Travel-Related Stocks Actionable After Big Rallies?</li></ul><p>MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.23. MakeMyTrip had a net margin of 26.11% and a return on equity of 11.04%. The firm had revenue of $254.52 million for the quarter, compared to analyst estimates of $231.85 million. Equities analysts anticipate that MakeMyTrip Limited will post 1.38 earnings per share for the current fiscal year. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several analysts recently commented on MMYT shares. Bank of America raised their price target on shares of MakeMyTrip from $100.00 to $112.00 and gave the company a &#34;buy&#34; rating in a research report on Tuesday, August 27th. Citigroup upped their price target on MakeMyTrip from $93.00 to $115.00 and gave the stock a &#34;buy&#34; rating in a report on Wednesday, July 24th. Finally, StockNews.com upgraded MakeMyTrip from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research report on Wednesday, July 24th.</p><ul><li>MakeMyTrip Stock is an Under-the-Radar Play</li></ul><p><b>Check Out Our Latest Research Report on MakeMyTrip</b></p><h2>MakeMyTrip Company Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than MakeMyTrip</li><li>Are Penny Stocks a Good Fit for Your Portfolio?</li><li>3 Stocks That Could Rise on European Bank Interest Rate Cuts</li><li>What is a Low P/E Ratio and What Does it Tell Investors?</li><li>Take Advantage of Village Farms Stock as Cannabis Market Evolves</li><li>Dividend Payout Ratio Calculator</li><li>MarketBeat Week in Review – 9/16 - 9/20</li></ul><p><strong>Want to see what other hedge funds are holding MMYT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MakeMyTrip Limited (NASDAQ:MMYT - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TU1ZVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TU1ZVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Our #1 Ticker for the Rare &#34;Retirement Window&#34; <span><span>(From Behind the Markets)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05NjIx?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05NjIx"/></p><h2>Should you invest $1,000 in MakeMyTrip right now?</h2><p>Before you consider MakeMyTrip, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MakeMyTrip wasn't on the list.</p><p>While MakeMyTrip currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

MMYT

<p>Dalton Investments Inc. reduced its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 9.2% in Q2, now holding 461,584 shares, which constitutes 22.1% of its portfolio. Other investors, including Baillie Gifford & Co. and Artisan Partners, increased their positions significantly. MakeMyTrip's stock performance shows a market cap of $1.91 billion, with a P/E ratio of 64.95. Analysts have raised price targets and ratings for the stock, indicating positive sentiment. The company operates in multiple countries, offering travel products and solutions across various segments.</p>

MakeMyTrip Limited (NASDAQ:MMYT) is Dalton Investments Inc.'s Largest Position