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MakeMyTrip (NASDAQ:MMYT) Upgraded to “Sell” by

MakeMyTrip (NASDAQ:MMYT – Get Rating) was upgraded by to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other research analysts have also issued reports on MMYT. Zacks Investment Research lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Saturday, April 30th. Morgan Stanley coverage began on MakeMyTrip in a report on Thursday, February 24th. They issued an “equal weight” rating and a $29.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.67.

MMYT stock traded down $0.75 during trading on Friday, reaching $23.09. 428,582 shares of the company’s stock were exchanged, compared to its average volume of 300,015. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.23. MakeMyTrip has a 1-year low of $20.06 and a 1-year high of $36.28. The company’s fifty-day moving average price is $25.20 and its 200-day moving average price is $27.20. The firm has a market cap of $2.42 billion, a PE ratio of -67.91 and a beta of 1.25.


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A number of hedge funds have recently modified their holdings of the business. Boston Common Asset Management LLC increased its stake in MakeMyTrip by 1.9% during the 4th quarter. Boston Common Asset Management LLC now owns 58,465 shares of the technology company’s stock valued at $1,620,000 after purchasing an additional 1,064 shares during the period. Neuberger Berman Group LLC lifted its position in shares of MakeMyTrip by 6.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 86,887 shares of the technology company’s stock worth $2,298,000 after acquiring an additional 4,884 shares during the period. Voloridge Investment Management LLC lifted its position in shares of MakeMyTrip by 25.7% in the 3rd quarter. Voloridge Investment Management LLC now owns 72,230 shares of the technology company’s stock worth $1,964,000 after acquiring an additional 14,757 shares during the period. First Growth Investment Manager LP bought a new stake in shares of MakeMyTrip in the 3rd quarter worth approximately $5,128,000. Finally, Hsbc Holdings PLC raised its holdings in shares of MakeMyTrip by 4.9% in the 3rd quarter. Hsbc Holdings PLC now owns 364,787 shares of the technology company’s stock worth $9,917,000 after buying an additional 16,921 shares in the last quarter. 42.91% of the stock is currently owned by institutional investors.

MakeMyTrip Company Profile (GetRating)

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, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. Its services and products include air tickets; hotels; packages; rail tickets; bus tickets; and car hire, as well as ancillary travel requirements, such as visa processing and facilitating access to travel insurance.

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