MakeMyTrip (NASDAQ:MMYT) Shares Down 5.9% - Should You Sell?

Key Points

• Shares fell 5.9% to $38.33 on Tuesday with trading volume of 546,049 (down 71% versus the average), and the stock sits well below its 50‑day ($50.81) and 200‑day ($71.02) moving averages.
• Analysts remain broadly positive—four Buy ratings and one Hold—giving a consensus rating of “Moderate Buy” and a consensus target price of $106.33.
• MakeMyTrip reported quarterly EPS $0.52 (beat $0.43) while revenue of $295.7M missed estimates of $306.3M; the shares trade at a P/E of 78.85 and institutional investors own about 51.9% of the stock.

MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report)'s share price traded down 5.9% during trading on Tuesday . The company traded as low as $38.08 and last traded at $38.3290. 546,049 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 1,885,583 shares. The stock had previously closed at $40.74.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley reissued an "overweight" rating on shares of MakeMyTrip in a report on Wednesday, December 31st. Citigroup reduced their target price on MakeMyTrip from $108.00 to $96.00 and set a "buy" rating for the company in a report on Wednesday, January 21st. Bank of America reduced their target price on MakeMyTrip from $115.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday, December 24th. Wall Street Zen raised MakeMyTrip from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of MakeMyTrip in a report on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $106.33.

MakeMyTrip Stock Down 7.1%

The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 38.85. The company has a market cap of $4.21 billion, a P/E ratio of 78.85, a price-to-earnings-growth ratio of 1.53 and a beta of 0.83. The company has a fifty day moving average of $50.81 and a 200 day moving average of $71.02.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 21st. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%.The company had revenue of $295.70 million during the quarter, compared to analyst estimates of $306.29 million. On average, research analysts anticipate that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of MakeMyTrip

Large investors have recently modified their holdings of the company. Schroder Investment Management Group lifted its position in MakeMyTrip by 13.8% during the fourth quarter. Schroder Investment Management Group now owns 7,186,704 shares of the technology company's stock valued at $590,172,000 after purchasing an additional 869,728 shares in the last quarter. Baillie Gifford & Co. lifted its position in MakeMyTrip by 2.3% during the fourth quarter. Baillie Gifford & Co. now owns 5,155,036 shares of the technology company's stock valued at $423,332,000 after purchasing an additional 114,975 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in MakeMyTrip by 17.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,448,388 shares of the technology company's stock valued at $201,064,000 after purchasing an additional 371,066 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in MakeMyTrip by 1.8% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,322,204 shares of the technology company's stock valued at $190,699,000 after purchasing an additional 40,712 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in MakeMyTrip by 780.3% during the fourth quarter. Royal Bank of Canada now owns 2,274,679 shares of the technology company's stock valued at $186,797,000 after purchasing an additional 2,016,281 shares in the last quarter. Institutional investors own 51.89% of the company's stock.

About MakeMyTrip

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company's offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India's leading travel technology firms.

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