MakeMyTrip (NASDAQ:MMYT) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of MakeMyTrip (NASDAQ:MMYT) from a sell rating to a hold rating in a research report report published on Thursday.

Separately, Citigroup raised their target price on MakeMyTrip from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday.

MakeMyTrip Stock Performance

MMYT stock opened at $105.17 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 57.16, a PEG ratio of 6.56 and a beta of 0.92. MakeMyTrip has a 1 year low of $72.55 and a 1 year high of $123.00. The stock’s fifty day moving average is $100.97 and its two-hundred day moving average is $105.34.

Institutional Investors Weigh In On MakeMyTrip

A number of hedge funds and other institutional investors have recently modified their holdings of MMYT. Mirae Asset Global Investments Co. Ltd. grew its holdings in MakeMyTrip by 9,724.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,132,381 shares of the technology company’s stock worth $2,364,732,000 after acquiring an additional 23,886,735 shares during the period. Baillie Gifford & Co. grew its holdings in MakeMyTrip by 40.0% during the first quarter. Baillie Gifford & Co. now owns 5,155,202 shares of the technology company’s stock worth $505,158,000 after acquiring an additional 1,471,660 shares during the period. Schroder Investment Management Group grew its holdings in MakeMyTrip by 3.6% during the fourth quarter. Schroder Investment Management Group now owns 4,118,898 shares of the technology company’s stock worth $462,470,000 after acquiring an additional 141,507 shares during the period. FMR LLC grew its holdings in MakeMyTrip by 4.3% during the fourth quarter. FMR LLC now owns 3,793,574 shares of the technology company’s stock worth $425,942,000 after acquiring an additional 158,101 shares during the period. Finally, GQG Partners LLC grew its holdings in MakeMyTrip by 273.2% during the first quarter. GQG Partners LLC now owns 2,009,506 shares of the technology company’s stock worth $196,911,000 after acquiring an additional 1,470,985 shares during the period. 51.89% of the stock is currently 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.