MakeMyTrip (NASDAQ:MMYT) Upgraded at Macquarie

MakeMyTrip (NASDAQ:MMYT) was upgraded by research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $110.00 price target on the technology company’s stock. Macquarie’s price target points to a potential upside of 20.21% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Citigroup upped their target price on MakeMyTrip from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Wall Street Zen raised MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th.

MakeMyTrip Trading Down 0.2%

Shares of NASDAQ:MMYT opened at $91.51 on Tuesday. MakeMyTrip has a 12-month low of $76.95 and a 12-month high of $123.00. The company has a market capitalization of $10.18 billion, a PE ratio of 110.25 and a beta of 0.88. The business has a 50 day moving average of $102.35 and a two-hundred day moving average of $103.77. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised 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. OneDigital Investment Advisors LLC increased its stake in shares of MakeMyTrip by 3.3% in the 4th quarter. OneDigital Investment Advisors LLC now owns 4,419 shares of the technology company’s stock worth $496,000 after acquiring an additional 142 shares during the last quarter. Gen Wealth Partners Inc increased its stake in shares of MakeMyTrip by 29.5% in the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company’s stock worth $81,000 after acquiring an additional 165 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of MakeMyTrip by 5.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,638 shares of the technology company’s stock worth $454,000 after acquiring an additional 241 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of MakeMyTrip by 40.9% in the 1st quarter. Signaturefd LLC now owns 930 shares of the technology company’s stock worth $91,000 after acquiring an additional 270 shares during the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.

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.