Shares of MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report) traded up 4.6% during trading on Tuesday . The company traded as high as $102.66 and last traded at $102.43. 488,088 shares changed hands during trading, a decline of 32% from the average session volume of 719,524 shares. The stock had previously closed at $97.95.
Analyst Upgrades and Downgrades
MMYT has been the topic of a number of research analyst reports. StockNews.com cut MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Bank of America boosted their target price on MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, December 27th.
Get Our Latest Research Report on MMYT
MakeMyTrip Stock Performance
The stock has a 50 day simple moving average of $97.50 and a 200 day simple moving average of $104.74. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. The company has a market cap of $11.34 billion, a price-to-earnings ratio of 56.14, a PEG ratio of 6.56 and a beta of 1.00.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. As a group, analysts predict that MakeMyTrip Limited will post 1.27 EPS for the current year.
Institutional Investors Weigh In On MakeMyTrip
Large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in MakeMyTrip by 5.8% in the 3rd quarter. State Street Corp now owns 106,537 shares of the technology company's stock valued at $9,903,000 after buying an additional 5,814 shares during the last quarter. Geode Capital Management LLC boosted its holdings in MakeMyTrip by 7.7% in the third quarter. Geode Capital Management LLC now owns 273,230 shares of the technology company's stock valued at $25,397,000 after purchasing an additional 19,471 shares during the last quarter. Virtu Financial LLC grew its stake in MakeMyTrip by 338.3% during the 3rd quarter. Virtu Financial LLC now owns 11,593 shares of the technology company's stock valued at $1,078,000 after purchasing an additional 8,948 shares in the last quarter. Tidal Investments LLC increased its holdings in MakeMyTrip by 5.9% during the 3rd quarter. Tidal Investments LLC now owns 39,981 shares of the technology company's stock worth $3,716,000 after purchasing an additional 2,221 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of MakeMyTrip in the 3rd quarter valued at approximately $1,134,000. 51.89% of the stock is owned by institutional investors and hedge funds.
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.
See Also
Before you consider MakeMyTrip, you'll want to hear this.
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.
While MakeMyTrip currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
