Bank of New York Mellon Corp increased its holdings in Mondee Holdings, Inc. (NASDAQ:MOND – Free Report) by 20.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,917 shares of the company’s stock after buying an additional 22,438 shares during the period. Bank of New York Mellon Corp’s holdings in Mondee were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MOND. BlackRock Inc. acquired a new stake in shares of Mondee in the second quarter valued at approximately $19,795,000. TCW Group Inc. acquired a new stake in shares of Mondee in the first quarter valued at approximately $17,512,000. Citadel Advisors LLC acquired a new stake in shares of Mondee in the second quarter valued at approximately $5,848,000. State Street Corp acquired a new stake in shares of Mondee in the second quarter valued at approximately $5,843,000. Finally, Geode Capital Management LLC raised its position in shares of Mondee by 951.2% in the second quarter. Geode Capital Management LLC now owns 485,263 shares of the company’s stock valued at $4,324,000 after buying an additional 439,100 shares in the last quarter. 21.62% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Morgan Stanley assumed coverage on shares of Mondee in a research report on Friday, January 5th. They issued an “equal weight” rating and a $3.00 price target for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.33.
Mondee Stock Performance
Shares of NASDAQ:MOND opened at $2.43 on Tuesday. The company has a fifty day moving average of $2.55 and a 200-day moving average of $4.17. The company has a market capitalization of $208.54 million, a PE ratio of -2.93 and a beta of -0.08. Mondee Holdings, Inc. has a 52-week low of $1.92 and a 52-week high of $14.25.
Mondee (NASDAQ:MOND – Get Free Report) last announced its quarterly earnings results on Tuesday, November 14th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.19). The firm had revenue of $54.53 million for the quarter, compared to the consensus estimate of $65.50 million. On average, equities analysts forecast that Mondee Holdings, Inc. will post -0.83 EPS for the current fiscal year.
Mondee Company Profile
Mondee Holdings, Inc operates as a travel technology company in the leisure and corporate travel markets in the United States and internationally. The company operates through two segments, Travel Marketplace and SaaS Platform. The Travel Marketplace segment primarily engages in sale of airline tickets through its platform.
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