MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report) shares saw an uptick in trading volume on Wednesday . 4,169,574 shares changed hands during mid-day trading, an increase of 458% from the previous session's volume of 746,599 shares.The stock last traded at $94.11 and had previously closed at $91.49.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Citigroup lifted their target price on MakeMyTrip from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.
Check Out Our Latest Report on MMYT
MakeMyTrip Stock Up 2.8%
The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a 50-day moving average price of $102.66 and a 200 day moving average price of $104.53. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 113.48 and a beta of 0.88.
Hedge Funds Weigh In On MakeMyTrip
Several hedge funds and other institutional investors have recently modified their holdings of the business. WPG Advisers LLC bought a new position in MakeMyTrip in the first quarter valued at about $28,000. Twin Tree Management LP acquired a new position in MakeMyTrip during the 1st quarter worth approximately $29,000. Steward Partners Investment Advisory LLC lifted its stake in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock valued at $43,000 after purchasing an additional 111 shares during the last quarter. Stone House Investment Management LLC bought a new position in MakeMyTrip in the 1st quarter valued at approximately $49,000. Finally, Parallel Advisors LLC boosted its position in MakeMyTrip by 1,014.9% in the first quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock valued at $51,000 after buying an additional 477 shares in the last quarter. Institutional investors own 51.89% of the company's stock.
About MakeMyTrip
(
Get Free Report)
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.
Further Reading
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