U S Global Investors 13F: Cuts MakeMyTrip (MMYT) Stake by $787K
Key Points
- U S Global Investors cut its MakeMyTrip Limited MMYT holdings by 16,782 shares during the quarter, bringing its total position down to 82,701 shares.
- Other institutional investors made major shifts in the stock, with Verition Fund Management, LLC expanding its position by 32,492,136 shares to hold 32,500,000 shares worth about $1.37 billion.
- MakeMyTrip shares recently traded near $42.09, sitting below the average analyst price target of $73.00 ahead of upcoming October earnings.
Since the filing, $MMYT is down 7.2% to date (from the $45.34 close on Oct 22, 2026).
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U S Global Investors reduced its holdings in MakeMyTrip Limited MMYT by 16,782 shares, according to a Form 13F filing with the SEC on October 22, 2026.
MMYT
MakeMyTrip Limited
What Changed in U S Global Investors's MakeMyTrip Position
The fund cut its stake by 16.8% during the period, bringing its total ownership to 82,701 shares. The remaining investment carried a reported value of $3,903,487 at the time of the disclosure.
Other Institutional Activity in MakeMyTrip
Other large institutional investors adjusted their positions in MakeMyTrip during the same reporting period. Verition Fund Management, LLC grew its holdings by 32,492,136 shares, ending with 32,500,000 shares worth about $1,367,925,004. BAILLIE GIFFORD & CO reduced its holdings by 342,282 shares, ending with 14,670,083 shares worth about $617,463,795. Schroder Investment Management Group grew its holdings by 1,410,796 shares, ending with 7,708,990 shares worth about $324,471,390. Royal Bank of Canada grew its holdings by 2,615,176 shares, ending with 6,113,740 shares worth about $257,327,317. Artisan Partners Limited Partnership grew its holdings by 12,054 shares, ending with 3,102,766 shares worth about $130,595,421.
MakeMyTrip Limited Stock Down 5.0%
MakeMyTrip shares recently traded around $42.09, which puts the stock below its 50-day moving average of $50.92 and below its 52-week high of $92.09. The travel company has a market capitalization of roughly $4.26 billion. Analysts maintain a consensus strong buy rating on the company with a mean target price of $73.00.
Recent Earnings
MakeMyTrip reported trailing-twelve-month revenue of $1.06 billion alongside earnings of $0.20 per share. The company posted a net profit margin of 3.2% and a return on equity of 2,868.7%. The next quarterly earnings report is scheduled for October 26, 2026.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On July 2, 2026, HSBC initiated coverage with a buy rating and a $70.00 price target. Later, on September 28, 2026, B of A Securities maintained a buy rating while lowering its price target from $71.00 to $60.00.
About MakeMyTrip
MakeMyTrip Limited operates as an online travel service provider catering to customers in India and international markets. The company handles air ticketing, hotel bookings, holiday packages, and bus ticket reservations through its digital platforms. Institutional portfolio adjustments in the stock come as the company prepares its next financial update.
Bottom Line
Investors are keeping an eye on MakeMyTrip ahead of its upcoming earnings report on October 26, 2026. Future SEC filings will show whether other institutional funds continue to trim or expand their stakes in the travel platform.
Related Filing Alerts
Source: U S Global Investors's 13F filing on $MMYT (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts