MakeMyTrip (NASDAQ:MMYT) Hits New 1-Year High – Still a Buy?

Shares of MakeMyTrip Limited (NASDAQ:MMYT) reached a new 52-week high during trading on Tuesday . The stock traded as high as $114.47 and last traded at $114.00, with a volume of 227195 shares trading hands. The stock had previously closed at $109.90.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Bank of America boosted their price objective on MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th.

MakeMyTrip Stock Up 3.1 %

The firm has a market capitalization of $12.44 billion, a PE ratio of 60.05, a PEG ratio of 6.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.81 and a current ratio of 2.82. The company has a fifty day simple moving average of $102.38 and a two-hundred day simple moving average of $92.86.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.10. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. The company had revenue of $210.99 million for the quarter, compared to analysts’ expectations of $214.90 million. During the same period in the prior year, the business earned $0.18 EPS. Analysts forecast that MakeMyTrip Limited will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On MakeMyTrip

A number of large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC bought a new position in shares of MakeMyTrip during the 1st quarter worth approximately $3,891,000. GSA Capital Partners LLP purchased a new position in MakeMyTrip in the third quarter worth $674,000. Vanguard Group Inc. purchased a new stake in shares of MakeMyTrip during the 1st quarter valued at $2,317,000. 1832 Asset Management L.P. acquired a new stake in shares of MakeMyTrip in the 2nd quarter worth $879,000. Finally, U S Global Investors Inc. grew its stake in MakeMyTrip by 7.2% during the 3rd quarter. U S Global Investors Inc. now owns 105,335 shares of the technology company’s stock worth $9,791,000 after buying an additional 7,114 shares during the last quarter. 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.