BidaskClub upgraded shares of MakeMyTrip (NASDAQ:MMYT) from a sell rating to a hold rating in a research report report published on Wednesday, January 10th.
MMYT has been the topic of a number of other reports. Zacks Investment Research cut shares of MakeMyTrip from a buy rating to a hold rating in a report on Tuesday, November 7th. UBS Group cut shares of MakeMyTrip from a buy rating to a sell rating and set a $30.00 price target on the stock. in a report on Wednesday, September 20th. ValuEngine cut shares of MakeMyTrip from a hold rating to a sell rating in a report on Wednesday, October 18th. Jefferies Group restated a hold rating and issued a $31.50 price target on shares of MakeMyTrip in a report on Friday, October 13th. Finally, Goldman Sachs Group started coverage on shares of MakeMyTrip in a report on Thursday, November 30th. They issued a buy rating and a $36.00 price target on the stock. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Sell and an average price target of $32.13.
Shares of MakeMyTrip (MMYT) traded up $0.25 during trading on Wednesday, reaching $30.85. 418,850 shares of the company’s stock traded hands, compared to its average volume of 228,582. MakeMyTrip has a one year low of $22.40 and a one year high of $40.90. The company has a market cap of $2,830.00, a PE ratio of -12.91 and a beta of 0.17.
Several institutional investors have recently made changes to their positions in MMYT. D.A. Davidson & CO. raised its position in shares of MakeMyTrip by 12.7% in the 2nd quarter. D.A. Davidson & CO. now owns 3,553 shares of the technology company’s stock valued at $119,000 after purchasing an additional 399 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of MakeMyTrip in the 3rd quarter valued at approximately $135,000. Legal & General Group Plc purchased a new position in shares of MakeMyTrip in the 3rd quarter valued at approximately $238,000. Majedie Asset Management Ltd purchased a new position in shares of MakeMyTrip in the 3rd quarter valued at approximately $259,000. Finally, California Public Employees Retirement System purchased a new position in shares of MakeMyTrip in the 2nd quarter valued at approximately $262,000. 43.08% of the stock is owned by hedge funds and other institutional investors.
MakeMyTrip Company Profile
MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.
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