MakeMyTrip (NASDAQ:MMYT) Rating Lowered to Sell at StockNews.com

MakeMyTrip (NASDAQ:MMYT) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Separately, Bank of America lifted their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, December 27th.

MakeMyTrip Trading Down 0.3 %

Shares of MMYT stock opened at $109.07 on Friday. The company has a market capitalization of $11.97 billion, a PE ratio of 59.60, a price-to-earnings-growth ratio of 5.55 and a beta of 1.29. MakeMyTrip has a 52-week low of $47.52 and a 52-week high of $123.00. The business’s fifty day moving average is $111.92 and its 200 day moving average is $102.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. On average, equities research analysts anticipate that MakeMyTrip will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On MakeMyTrip

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rheos Capital Works Inc. lifted its position in MakeMyTrip by 237.5% in the 4th quarter. Rheos Capital Works Inc. now owns 135,000 shares of the technology company’s stock worth $15,158,000 after buying an additional 95,000 shares during the last quarter. Swedbank AB purchased a new position in shares of MakeMyTrip during the fourth quarter worth approximately $3,930,000. BOCHK Asset Management Ltd lifted its holdings in shares of MakeMyTrip by 266.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,100 shares of the technology company’s stock worth $124,000 after acquiring an additional 800 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of MakeMyTrip by 1.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock valued at $3,887,000 after purchasing an additional 400 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of MakeMyTrip during the 4th quarter valued at $99,000. 51.89% of the stock is currently owned by hedge funds and other 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.