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

StockNews.com downgraded shares of MakeMyTrip (NASDAQ:MMYT) from a hold rating to a sell rating in a report published on Wednesday.

A number of other equities analysts have also commented on MMYT. Bank of America lifted their price target on shares of MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citigroup lifted their target price on MakeMyTrip from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th.

MakeMyTrip Price Performance

Shares of MMYT opened at $107.27 on Wednesday. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. The stock has a market cap of $11.78 billion, a PE ratio of 58.62, a PEG ratio of 5.48 and a beta of 1.27. MakeMyTrip has a 12-month low of $41.56 and a 12-month high of $113.61. The business has a 50-day simple moving average of $101.81 and a two-hundred day simple moving average of $91.85.

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

Institutional Investors Weigh In On MakeMyTrip

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC boosted its position in MakeMyTrip by 338.3% during the third quarter. Virtu Financial LLC now owns 11,593 shares of the technology company’s stock valued at $1,078,000 after acquiring an additional 8,948 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of MakeMyTrip by 7.7% in the 3rd 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 period. Y Intercept Hong Kong Ltd bought a new stake in shares of MakeMyTrip during the 3rd quarter valued at about $858,000. XTX Topco Ltd acquired a new stake in MakeMyTrip during the third quarter worth approximately $818,000. Finally, State Street Corp increased its holdings in MakeMyTrip by 5.8% in the third quarter. State Street Corp now owns 106,537 shares of the technology company’s stock worth $9,903,000 after purchasing an additional 5,814 shares in the last quarter. 51.89% of the stock is owned by institutional investors.

MakeMyTrip Company Profile

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.