MakeMyTrip (NASDAQ:MMYT – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.
A number of other equities analysts also recently weighed in on MMYT. Macquarie raised shares of MakeMyTrip from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Tuesday, June 24th. Citigroup lowered their target price on shares of MakeMyTrip from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $120.00.
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MakeMyTrip Price Performance
Shares of NASDAQ:MMYT opened at $97.81 on Friday. The firm has a market cap of $10.88 billion, a PE ratio of 113.73 and a beta of 0.87. The firm’s fifty day moving average is $97.38 and its 200-day moving average is $98.71. The company has a debt-to-equity ratio of 18.35, a quick ratio of 1.15 and a current ratio of 1.15. MakeMyTrip has a 52 week low of $81.84 and a 52 week high of $123.00.
Institutional Investors Weigh In On MakeMyTrip
Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in shares of MakeMyTrip by 325.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 22,218 shares of the technology company’s stock worth $2,202,000 after acquiring an additional 17,000 shares in the last quarter. E Fund Management Co. Ltd. boosted its holdings in MakeMyTrip by 345.1% during the first quarter. E Fund Management Co. Ltd. now owns 14,004 shares of the technology company’s stock worth $1,372,000 after purchasing an additional 10,858 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in MakeMyTrip during the fourth quarter worth about $2,183,000. Totem Point Management LLC boosted its holdings in MakeMyTrip by 36.6% during the first quarter. Totem Point Management LLC now owns 45,879 shares of the technology company’s stock worth $4,496,000 after purchasing an additional 12,302 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in MakeMyTrip by 103.1% during the fourth quarter. Squarepoint Ops LLC now owns 6,105 shares of the technology company’s stock worth $685,000 after purchasing an additional 3,099 shares during the last quarter. 51.89% of the stock is owned by institutional investors.
About MakeMyTrip
(Get Free Report)
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.
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