MakeMyTrip (NASDAQ:MMYT) Stock Rating Upgraded by StockNews.com

MakeMyTrip (NASDAQ:MMYT) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Other equities research analysts have also recently issued research reports about the stock. Bank of America raised their price objective on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Citigroup lifted their price target on shares of MakeMyTrip from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th.

MakeMyTrip Trading Up 0.1 %

Shares of MMYT stock opened at $104.35 on Tuesday. MakeMyTrip has a 12-month low of $41.51 and a 12-month high of $113.61. The company has a market capitalization of $11.46 billion, a P/E ratio of 57.02, a P/E/G ratio of 5.86 and a beta of 1.27. The firm has a 50-day moving average price of $101.05 and a 200 day moving average price of $90.70. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.10. The firm had revenue of $210.99 million during the quarter, compared to analysts’ expectations of $214.90 million. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. During the same quarter last year, the company posted $0.18 EPS. Research analysts forecast that MakeMyTrip will post 1.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in MakeMyTrip by 48.0% during the third quarter. BNP Paribas Financial Markets now owns 2,783 shares of the technology company’s stock valued at $259,000 after purchasing an additional 903 shares during the period. FMR LLC lifted its stake in MakeMyTrip by 51.2% in the third quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock valued at $337,917,000 after buying an additional 1,230,916 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in MakeMyTrip by 20.6% in the third quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock valued at $58,750,000 after buying an additional 107,814 shares in the last quarter. Citigroup Inc. lifted its stake in MakeMyTrip by 154.3% in the third quarter. Citigroup Inc. now owns 60,123 shares of the technology company’s stock valued at $5,588,000 after buying an additional 36,476 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

About MakeMyTrip

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.