MakeMyTrip (NASDAQ:MMYT) Trading Up 4.7%

MakeMyTrip Limited (NASDAQ:MMYT - Get Free Report)'s stock price traded up 4.7% during trading on Friday . The stock traded as high as $75.42 and last traded at $74.92. 331,928 shares were traded during mid-day trading, a decline of 55% from the average session volume of 745,865 shares. The stock had previously closed at $71.55.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Wednesday, January 24th. Macquarie lowered shares of MakeMyTrip from an "outperform" rating to a "neutral" rating and lifted their price target for the company from $50.00 to $60.00 in a report on Wednesday, February 21st.

MakeMyTrip Stock Up 6.2 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $8.06 billion, a P/E ratio of 165.15 and a beta of 1.23. The firm's fifty day moving average is $62.20 and its 200-day moving average is $49.67.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last posted its earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. MakeMyTrip had a net margin of 6.93% and a return on equity of 10.13%. The firm had revenue of $214.22 million for the quarter, compared to analyst estimates of $210.01 million. As a group, equities research analysts predict that MakeMyTrip Limited will post 0.84 EPS for the current year.

Institutional Investors Weigh In On MakeMyTrip

A number of institutional investors have recently added to or reduced their stakes in MMYT. Artisan Partners Limited Partnership bought a new stake in MakeMyTrip during the 3rd quarter worth approximately $84,983,000. FMR LLC lifted its position in shares of MakeMyTrip by 378.4% in the 3rd quarter. FMR LLC now owns 2,620,190 shares of the technology company's stock worth $106,170,000 after purchasing an additional 2,072,504 shares during the period. Invesco Ltd. lifted its position in shares of MakeMyTrip by 5,372.8% in the 3rd quarter. Invesco Ltd. now owns 974,489 shares of the technology company's stock worth $39,486,000 after purchasing an additional 956,683 shares during the period. Schroder Investment Management Group lifted its position in shares of MakeMyTrip by 39.2% in the 4th quarter. Schroder Investment Management Group now owns 2,607,916 shares of the technology company's stock worth $122,520,000 after purchasing an additional 734,336 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of MakeMyTrip in the 3rd quarter worth approximately $22,602,000. 51.89% of the stock is owned by institutional investors.

About MakeMyTrip

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.