StockNews.com Downgrades MakeMyTrip (NASDAQ:MMYT) to Sell

MakeMyTrip (NASDAQ:MMYT) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Separately, Bank of America increased their price objective on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th.

MakeMyTrip Stock Down 0.3 %

MMYT stock traded down $0.37 during mid-day trading on Friday, hitting $109.07. 1,047,010 shares of the company were exchanged, compared to its average volume of 735,881. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. MakeMyTrip has a 1-year low of $47.52 and a 1-year high of $123.00. The firm’s 50 day simple moving average is $111.92 and its 200 day simple moving average is $102.37. The firm has a market cap of $11.97 billion, a P/E ratio of 59.60, a P/E/G ratio of 5.55 and a beta of 1.29.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. On average, sell-side analysts predict that MakeMyTrip will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Harbour Capital Advisors LLC lifted its stake in MakeMyTrip by 0.9% in the third quarter. Harbour Capital Advisors LLC now owns 20,280 shares of the technology company’s stock valued at $2,008,000 after acquiring an additional 175 shares during the last quarter. Caprock Group LLC increased its position in MakeMyTrip by 6.4% during the third quarter. Caprock Group LLC now owns 3,726 shares of the technology company’s stock worth $346,000 after buying an additional 224 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after buying an additional 225 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of MakeMyTrip by 44.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 771 shares of the technology company’s stock worth $65,000 after acquiring an additional 236 shares during the last quarter. Finally, Park Place Capital Corp acquired a new stake in MakeMyTrip during the 3rd quarter valued at $25,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

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.