MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report)'s share price was up 2.7% during trading on Monday . The company traded as high as $90.63 and last traded at $89.49. Approximately 96,253 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 717,032 shares. The stock had previously closed at $87.12.
Analysts Set New Price Targets
Several equities research analysts have weighed in on MMYT shares. StockNews.com downgraded MakeMyTrip from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Bank of America boosted their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, December 27th.
Read Our Latest Analysis on MakeMyTrip
MakeMyTrip Trading Up 4.1 %
The company has a 50 day simple moving average of $98.64 and a two-hundred day simple moving average of $104.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a market cap of $10.75 billion, a PE ratio of 53.20, a P/E/G ratio of 6.56 and a beta of 1.00.
MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its earnings results on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. Analysts expect that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.
Hedge Funds Weigh In On MakeMyTrip
Several institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers raised its position in MakeMyTrip by 31.6% during the first quarter. Rhumbline Advisers now owns 2,768 shares of the technology company's stock valued at $271,000 after acquiring an additional 664 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of MakeMyTrip by 1,014.9% during the 1st quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after purchasing an additional 477 shares in the last quarter. Boston Common Asset Management LLC lifted its stake in shares of MakeMyTrip by 9.5% in the 1st quarter. Boston Common Asset Management LLC now owns 22,015 shares of the technology company's stock valued at $2,157,000 after purchasing an additional 1,909 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in MakeMyTrip during the fourth quarter worth $234,000. Finally, Employees Retirement System of Texas acquired a new stake in MakeMyTrip during the fourth quarter valued at $551,000. Institutional investors and hedge funds own 51.89% of the company's stock.
MakeMyTrip Company Profile
(
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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