A number of other equities research analysts have also recently commented on MMYT. Zacks Investment Research cut MakeMyTrip from a hold rating to a sell rating in a research note on Thursday, September 5th. ValuEngine downgraded MakeMyTrip from a buy rating to a hold rating in a report on Thursday, August 15th. Finally, Bank of America set a $24.00 target price on MakeMyTrip and gave the stock a sell rating in a research report on Monday, May 20th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. MakeMyTrip has a consensus rating of Hold and an average price target of $29.75.
MMYT stock opened at $24.01 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.84 and a quick ratio of 1.84. The company’s 50-day moving average is $23.79 and its 200-day moving average is $25.73. The stock has a market capitalization of $2.47 billion, a PE ratio of -14.91 and a beta of 0.41. MakeMyTrip has a 1 year low of $19.66 and a 1 year high of $32.30.
Institutional investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC bought a new stake in shares of MakeMyTrip during the second quarter worth about $738,000. Jane Street Group LLC bought a new position in MakeMyTrip in the 2nd quarter valued at about $320,000. Citadel Advisors LLC lifted its position in MakeMyTrip by 455.9% in the 2nd quarter. Citadel Advisors LLC now owns 31,318 shares of the technology company’s stock valued at $777,000 after acquiring an additional 40,118 shares in the last quarter. Morgan Stanley lifted its position in MakeMyTrip by 1.4% in the 2nd quarter. Morgan Stanley now owns 892,747 shares of the technology company’s stock valued at $22,140,000 after acquiring an additional 12,545 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in MakeMyTrip by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 15,391 shares of the technology company’s stock valued at $382,000 after purchasing an additional 497 shares during the last quarter. 43.55% of the stock is currently owned by hedge funds and other institutional investors.
MakeMyTrip Limited, an online travel company, engages in the business of selling travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, China, Colombia, and Peru. It operates through two segments, Air Ticketing, and Hotels and Packages. The company's services and products include air tickets, hotels, packages, rail tickets, bus tickets, and car hire, as well as ancillary travel requirements, such as facilitating access to travel insurance and visa processing.
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