MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $100.88, but opened at $90.50. MakeMyTrip shares last traded at $92.34, with a volume of 846,329 shares traded.
Analysts Set New Price Targets
MMYT has been the subject of several research reports. Citigroup upped their target price on shares of MakeMyTrip from $120.00 to $125.00 and gave the stock 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 report on Thursday, May 15th.
Check Out Our Latest Research Report on MMYT
MakeMyTrip Trading Up 3.8%
The stock has a market capitalization of $10.43 billion, a P/E ratio of 114.38 and a beta of 0.88. The firm's 50 day moving average price is $102.66 and its 200 day moving average price is $104.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.85.
Institutional Investors Weigh In On MakeMyTrip
Institutional investors have recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of MakeMyTrip during the first quarter valued at approximately $28,000. Twin Tree Management LP purchased a new stake in MakeMyTrip in the first quarter worth approximately $29,000. Steward Partners Investment Advisory LLC boosted its holdings in MakeMyTrip by 41.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company's stock worth $43,000 after purchasing an additional 111 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in MakeMyTrip in the first quarter worth approximately $49,000. Finally, Parallel Advisors LLC boosted its holdings in MakeMyTrip by 1,014.9% in the first quarter. Parallel Advisors LLC now owns 524 shares of the technology company's stock worth $51,000 after purchasing an additional 477 shares during the last quarter. Hedge funds and other 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.
Read More
Before you consider MakeMyTrip, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MakeMyTrip wasn't on the list.
While MakeMyTrip currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
